Saturday, April 9, 2011

Postmedia slips to loss on one-time charge

Postmedia Network Canada Corp. reported a loss of $12.3 million in its latest quarter as the company took a one-time charge related to restructuring and saw revenue slide. Included in the results was a $13.4-million charge related to restructuring and other operations in the quarter ended Feb. 28 compared with a loss of $7.6 million a year earlier.Postmedia said revenue slipped to $242.5 million, down from $254.4 million as a slide in advertising and circulation revenue offset growth in digital revenue.

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