April 22, 2021
Business News

Postmedia Reports Second Quarter Results

TORONTO–()–Postmedia Network Canada Corp. (“Postmedia” or the “Company”) today released financial information for the three and six months ended February 28, 2021.

“Our second quarter represents continued progress on our strategy with measured optimism for the future,” said Andrew MacLeod, President and Chief Executive Officer, Postmedia. “Across our organization, our teams are working together to accelerate our transformation, grow our audiences and architect new digital models to monetize. The reduction of debt and leverage remains a core focus and management expects to further reduce first lien debt by an additional $17 million through mandatory payments by the end of May. This would result in…

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