||It has been suggested that Postmedia News be merged into this article. (Discuss) Proposed since April 2014.|
|Traded as||TSX: PNC.A
|Predecessor||Canwest Global Communications Corporation|
|Headquarters||Toronto, Ontario, Canada|
|Paul Godfrey - President|
|Revenue||CAD$751.5 million (2013)|
Number of employees
The Postmedia Network Canada Corporation (TSX: PNC.A, PNC.B) is a Canadian media company headquartered in Toronto, Ontario, consisting of the publishing properties of the former Canwest, with primary operations in newspaper publishing, news gathering and Internet operations.
The ownership group was assembled by National Post CEO Paul Godfrey in 2010 to bid for the chain of newspapers being sold by the financially troubled Canwest (the company's broadcasting assets were sold separately to Shaw Communications). Godfrey secured financial backing from U.S. private-equity firm Golden Tree Asset Management as well as other investors. The group completed a $1.1 billion transaction to acquire the chain from Canwest on July 13, 2010. The company has over 3,200 employees. The company's shares were listed on the Toronto Stock Exchange in 2011.
The company's strategy has seen its publications invest greater resources in digital news gathering and distribution, including expanded websites and digital news apps for smartphones and tablets. This began with a revamp and redesign of the Ottawa Citizen, which debuted in 2014.
In October 2014, Postmedia announced a deal to acquire the English language properties of the Sun Media chain. The purchase got regulatory approval from the federal Competition Bureau on March 25, 2015, even though the company manage competitive papers in several Canadian cities; while the Sun Media chain owns numerous other papers, four of its five Sun-branded tabloids operate in markets where Postmedia already publishes a broadsheet competitor. Board chair Rod Phillips has cited the Vancouver market — in which the two main daily newspapers, the Vancouver Sun and The Province — have had common ownership for over 30 years as evidence that the deal would not be anticompetitive. The purchase did not include Sun Media's now-defunct Sun News Network. The acquisition was approved by the Competition Bureau on March 25, 2015.,and closed on April 13.<www.theglobeandmail.com/report-on-business/postmedia-sun-media-deal-officially-closes/article23895298/>
- The Flyer Force
- National Post
- Calgary Herald
- Edmonton Journal
- The Gazette
- Regina Leader-Post
- Ottawa Citizen
- The StarPhoenix
- The Windsor Star
- Pacific Press Newspaper Group Inc.
- Other community newspapers
- in addition, Postmedia Network owns all websites associated with all properties listed on this page either wholly or in partnership.
Other media groups in Canada include:
- Quebecor Media
- The Woodbridge Company
- TC Transcontinental
- 2013 Annual Report (PDF), Postmedia Network Canada Corp., 2013
- 2013 Annual Information Form (PDF), Postmedia Network Canada Corp., 2013
- "Postmedia Network Annual Information Form"
- Postmedia begins trading on TSX. Financial Post, June 14, 2011.
- "Postmedia revamps Ottawa Citizen's digital service". CBC News, May 20, 2014.
- "Postmedia buys 175-paper Sun Media for $316m". Toronto Star, October 6, 2014.
- Competition Bureau will not challenge Postmedia’s acquisition of Sun Media. Competition Bureau, March 25, 2015.
- "Postmedia purchase of Quebecor's Sun Media OK'd by Competition Bureau". CBC News. Retrieved 25 March 2015.
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