At the National Observer, Bruce Livesey documents the fall of the Postmedia newspaper empire.
Postmedia is a national media giant with nearly 200 papers, magazines and websites. Its dailies reach 6.3 million Canadian readers every week, with some of its best-known papers including the National Post, Vancouver Sun, Calgary Herald, Edmonton Journal, Regina Leader-Post, Winnipeg Sun, The London Free Press, Ottawa Citizen and Montreal Gazette.
But Postmedia is also a ship taking on water, due to both self-inflicted and industry-wide wounds.
Crushing debt and falling revenues to cutbacks and a diminished editorial product, which in turn is compromised by the dictates of an intensely partisan CEO and advertising no longer held at arm’s length, which in turn gives readers far less reason to buy the paper. It’s a vicious circle, and not a happy story at all for the chain that owns most English-language newspapers in this country — and especially not for the people who work at them.