Tough times for National Post, PostMedia papers

Postmedia Network Canada Corp. posted a $36-million loss in the last quarter, citing weakness in all of its major advertising categories. The publisher of metropolitan newspapers has been restructuring for a year as it tries to get a handle on decreasing print revenue and increase its digital revenue. Postmedia is perhaps the most vulnerable of all the Toronto daily publications -- including the Globe and Mail and the Toronto Star -- which face the 21st Century digital newspaper curse. For many years, analysts have predicted a rationalization of this business which would see fewer daily papers in Toronto.