Friday, October 28, 2011

Postmedia narrows fourth quarter loss

Newspaper and multimedia company Postmedia Network has sharply reduced its fourth-quarter losses despite a decline in revenue blamed on lower advertising and print circulation income. The publisher of the National Post, formerly part of Canwest, reported a loss of $2.3-million in the three months ended Aug. 31.
That compared with a net loss of $44.6-million between July 13 and Aug. 31, 2010, the most closely comparable period.

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