All Brands Owned by Postmedia Network Canada Corp.

What does Postmedia Network own?
Postmedia Network owns over 130 print and digital news titles across Canada. Major publications include the National Post, Financial Post, Vancouver Sun, The Province, Calgary Herald, Calgary Sun, Edmonton Journal, Edmonton Sun, Ottawa Citizen, Ottawa Sun, Montreal Gazette, Toronto Sun, Winnipeg Sun, and Windsor Star. The company also operates numerous community newspapers and digital news platforms. Additionally, Postmedia operates commercial printing facilities that produce its own newspapers and provide services to third-party clients.

Is Postmedia Network publicly traded?
Yes, Postmedia Network Canada Corp. is publicly traded on the Toronto Stock Exchange under ticker symbols PNC.A (Class A shares) and PNC.B (Class B shares). However, the company operates as a controlled company, with American hedge fund Chatham Asset Management holding approximately 63% of the shares. The public float is relatively small, and Chatham's majority ownership gives it effective control of the company.

Who founded Postmedia Network?
Postmedia Network was formed in 2010 by an ownership group assembled by Paul Godfrey, a Canadian media executive who had previously served as publisher of the Toronto Sun and CEO of the Ontario Lottery and Gaming Corporation. Godfrey secured financial backing from U.S. private equity and hedge fund investors, including GoldenTree Asset Management, to acquire the newspaper publishing assets of Canwest Global Communications, which had filed for creditor protection in 2009.

Where is Postmedia Network headquartered?
Postmedia Network is headquartered in Toronto, Ontario, Canada. The company's corporate offices are in Toronto, where it manages its national portfolio of newspapers and digital properties. The company operates newspaper offices and printing facilities across Canada, with significant presences in Vancouver, Calgary, Edmonton, Ottawa, Montreal, and Winnipeg.

How many brands does Postmedia Network own?
Postmedia Network owns over 130 print and digital news titles across Canada. This includes major metropolitan daily newspapers (National Post, Vancouver Sun, Calgary Herald, Ottawa Citizen, Montreal Gazette, and others), Sun tabloid newspapers (Toronto Sun, Calgary Sun, Edmonton Sun, Ottawa Sun, Winnipeg Sun), and numerous community newspapers serving smaller cities and towns. The portfolio also includes digital news platforms associated with these print publications.

Who owns Postmedia Network?
Postmedia Network is majority owned by Chatham Asset Management, a New Jersey-based hedge fund led by Anthony Melchiorre. Chatham acquired its approximately 63% stake through the 2016 debt-for-equity restructuring, in which it exchanged bonds for equity. Other shareholders include institutional investors and public shareholders who hold shares through the Toronto Stock Exchange. The American hedge fund ownership of Canada's largest newspaper publisher has been a source of controversy in Canada.

What is Postmedia Network's revenue?
Postmedia Network reported revenue of approximately CAD 430 million for FY2024. This represents a continued decline from previous years, reflecting the structural contraction of the Canadian newspaper industry. Digital revenue, including digital advertising and subscriptions, represents approximately 35-40% of total revenue and is growing, but not fast enough to offset the decline in print circulation and print advertising revenue. The company has responded to declining revenue with aggressive cost-cutting measures.

What is the relationship between Postmedia and Canwest?
Postmedia Network was formed in 2010 to acquire the newspaper publishing assets of Canwest Global Communications, a Canadian media company owned by the Asper family that had filed for creditor protection in 2009. Canwest's newspaper assets, which included the National Post, Vancouver Sun, Calgary Herald, Ottawa Citizen, and other major Canadian newspapers, were acquired by the Postmedia ownership group for approximately CAD 1.1 billion. Postmedia did not acquire Canwest's broadcasting assets, which were sold separately to Shaw Communications.