|Traded as||TSX: PNC.A, PNC.B|
|Headquarters||Toronto, Ontario, Canada|
|Paul Godfrey - President|
|Revenue||CAD$750.283 million (2015)|
Number of employees
Postmedia Network Canada Corporation (also known as Postmedia Network or Postmedia) is a Canadian media company 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 a U.S. private-equity firm, the Manhattan-based hedge fund GoldenTree Asset Management—which owns 35 per cent—as well as other investors. The group completed a $1.1 billion transaction to acquire the chain from Canwest on July 13, 2010. Headquartered in Toronto, Ontario, the company has over 4,700 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.
- 1 History
- 2 Acquisitions and mergers
- 3 Assets
- 4 See also
- 5 References
- 6 External links
Acquisitions and mergers
On October 6, 2014, Postmedia's CEO Godfrey announced a deal to acquire the English-language operations of Sun Media. The purchase received regulatory approval from the federal Competition Bureau on March 25, 2015, even though the company manages 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.
- The Flyer Force
- Calgary Herald
- Edmonton Journal
- London Free Press
- Montreal Gazette
- Ottawa Citizen
- Regina Leader-Post
- The StarPhoenix (Saskatoon)
- The Vancouver Sun (not related to the tabloid Sun newspapers also owned by Postmedia)
- Windsor Star
Postmedia owns newspapers that serve smaller communities across Canada, including:
- Airdrie Echo (tabloid)
- Barrie Examiner (broadsheet)
- Belleville Intelligencer (broadsheet)
- Bow Valley Crag & Canyon (tabloid)
- Brantford Expositor (broadsheet)
- Bradford Times (tabloid)
- Brockville Recorder and Times (broadsheet)
- Camrose Canadian (tabloid)
- Chatham This Week (tabloid)
- Clinton News-Record (tabloid)
- Cochrane Times (Alberta) (tabloid)
- Cochrane Times-Post (tabloid)
- Cornwall Standard Freeholder (broadsheet)
- Drayton Valley Western Review (tabloid)
- Edson Leader (tabloid)
- Elliot Lake Standard (tabloid)
- Fort McMurray Today (tabloid)
- Fort Saskatchewan Record (tabloid)
- Grande Prairie Daily Herald-Tribune (tabloid)
- Hanna Herald (tabloid)
- High River Times (tabloid)
- Hinton Parklander (tabloid)
- Kenora Daily Miner and News (broadsheet)
- Kincardine News (tabloid)
- Kingston Whig-Standard (broadsheet)
- Kingston This Week (tabloid)
- Lakeshore Advance (Grand Bend; tabloid)
- Lloydminster Meridian Booster (tabloid)
- Mid-North Monitor (Espanola; tabloid)
- Mayerthorpe Freelancer (tabloid)
- Nanton News (tabloid)
- Niagara Falls Review (broadsheet)
- North Bay Nugget (broadsheet)
- Norwich Gazette
- Orillia Packet & Times (broadsheet)
- Owen Sound Sun Times (broadsheet)
- Peace River Record-Gazette (broadsheet)
- Pembroke Daily Observer (broadsheet)
- Peterborough Examiner (broadsheet)
- Pincher Creek Echo (tabloid)
- Sault Star (broadsheet)
- Simcoe Reformer (tabloid)
- St. Catharines Standard (broadsheet)
- St. Thomas Times-Journal (tabloid)
- Strathmore Standard (tabloid)
- Stratford Beacon Herald (broadsheet)
- Sudbury Star (broadsheet)
- Timmins Daily Press (broadsheet)
- Vulcan Advocate (tabloid)
- Whitecourt Star (tabloid)
- Woodstock Sentinel-Review (broadsheet)
- in addition, Postmedia Network owns all websites associated with all properties listed on this page either wholly or in partnership.
A decades-long heated rivalry and circulation war began in the 1950s and 1960s between the Liberal/left/socialist Toronto Star and the "steadfastly Conservative, Royalist and right-wing" Toronto Telegram, located at Bay and Melinda St. and owned in the early 1950s by a "wealthy deal-maker named George McCullagh."[clarification needed]
Other media groups in Canada include:
- Quebecor Media
- SaltWire Network
- The Woodbridge Company
- TC Transcontinental
- 2015 Annual Report (PDF), Postmedia Network Canada Corp., 2015
- 2015 Annual Information Form (PDF), Postmedia Network Canada Corp., 2014
- Olive, David (23 January 2015). "Postmedia and the heavy price it pays to survive: Olive". Toronto, ON. Retrieved 22 February 2016.
- "Postmedia Network Annual Information Form" (PDF). Postmedia Network Canada Corporation (Report). October 2015. Retrieved June 23, 2016.
- "Postmedia begins trading on TSX", Financial Post, June 14, 2011, retrieved February 21, 2016
- "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.
- "Postmedia-Sun Media deal officially closes".
- Corcoran, Terence (19 February 2016). "A falling Star: No cash in its dowry, declining revenues and no obvious marriage prospects". nationalpost. Retrieved 22 February 2016.