Two large Canadian newspaper publishers cut more staff
TORONTO (REUTERS) - Two of Canada's largest newspaper publishers announced another round of layoffs on Monday, Jan 13, 2014, as the industry cuts costs to offset sharp declines in sales of print advertising.
Postmedia Network Canada Corp, the owner of the National Post and a string of regional titles, and Toronto's Globe and Mail newspaper both announced cuts.
Postmedia Network Canada said most of the 48 workers at a Calgary call centre for its classified ads would leave the company in coming months after their jobs were outsourced to a US company. It also said that a small number of journalists would depart its National Post newsroom, but did not specify how many.
Postmedia on Thursday reported a first-quarter loss as print-advertising revenues fell sharply from a year earlier.