Postmedia Network Canada Corp reports Q2 net loss of $20.1M, citing a 13% revenue drop and advertising revenue decline.

Postmedia Network Canada Corp reported a Q2 net loss of $20.1M, compared to $20.8M a year prior, with revenue down 13% to $97.3M. The publisher of the National Post cites a drop in advertising revenue as the primary reason for the decline. Parcel revenue rose 20.5% to $14.2M, partially offsetting the loss. CEO Andrew MacLeod remains focused on transforming the business.

April 11, 2024
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