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BigCityLib Strikes Back: Sackings At The Sun today

Or Postmedia, or whatever it is.  Details here.

BigCityLib Strikes Back: Die Media Die: Toronto Sun Rumors

Sun Staff outta 333 King by end of ’15.  National Post to become a tabloid:

I remember serious rumblings 2-3 years ago that PM management wanted to turn the Post into a tabloid. One of the hurdles, of course, would have been that Canada already has a chain of urban tabs….But what if you made the . . . → Read More: BigCityLib Strikes Back: Die Media Die: Toronto Sun Rumors

BigCityLib Strikes Back: Postmedia Fires A Useful Guy

From J-Source:

Postmedia Network is downsizing its parliamentary bureau and had laid off five parliamentary bureau staff.Three political reporters—Mike De Souza, Andrea Hill and Tobi Cohen—as well as planning and production editor Rhonda Cumming and librarian Kirsten Smith were laid off.

Mike De Souza is, or was, pretty much the only journalist in Canada who . . . → Read More: BigCityLib Strikes Back: Postmedia Fires A Useful Guy

BigCityLib Strikes Back: Another QMI Paper Bites Dust

Midland Press closed this morning with a loss of five jobs, though it doesn’t look as though they have bothered to put up notice of the fact on their website:

Did Midland even get a farewell in their print edition? I looked online and I don’t see anything. I’m also not seeing anything on their website. . . . → Read More: BigCityLib Strikes Back: Another QMI Paper Bites Dust

BigCityLib Strikes Back: Postmedia Continues Its Failing Failure

TORONTO – Postmedia Network Canada Corp. (TSX:PNC.A) had $8.3 million of net income and $26.7 million of operating income in its latest quarter, both down from a year earlier.

The Toronto-based publisher’s revenue also fell, dropping to $211.7 million in the three months ended Nov. 30 from $231 million a year earlier.

I think I . . . → Read More: BigCityLib Strikes Back: Postmedia Continues Its Failing Failure

BigCityLib Strikes Back: Postmedia Exits The Propertied Class, Rents Space In Soulless Skyscraper

The National Post’s new digs will be 365 Bloor Street East.   The canada.com puff-piece says:

The company has signed a 15-year lease to occupy “several” floors of the 19-storey office building at the Bloor Street East and Sherbourne intersection. The area is dotted with many of Canada’s top media and advertising companies and is . . . → Read More: BigCityLib Strikes Back: Postmedia Exits The Propertied Class, Rents Space In Soulless Skyscraper

BigCityLib Strikes Back: CRASH! Sale Of Company HQ Sends Postmedia Stock Down 36% In One Day!

Yesterday, after Postmedia announced the sale of its HQ building on Don Mills Avenue, its stock plunged in heavy (for Postmedia, anyway) trading.

And here’s PNC.B-T’s  one year trading chart, which shows the stock’s long-term trend:

You know, if you showed that chart to an astrophysicist without telling them what it signified, they’d say it could only . . . → Read More: BigCityLib Strikes Back: CRASH! Sale Of Company HQ Sends Postmedia Stock Down 36% In One Day!

BigCityLib Strikes Back: Goodbye Jonathon Kay! Goodbye Andrew Coyne!

Postmedia Network has sold, and will be moving from, their Don Mills HQ, which I run past every morning on my way to work.   Word is they’re headed for a slightly less palatial facility “closer to town”. Taste the austerity, fellas, it will help build your character.

Word is they’ll be selling off everything, from PCs to coffee . . . → Read More: BigCityLib Strikes Back: Goodbye Jonathon Kay! Goodbye Andrew Coyne!