Tuesday, July 10, 2012

Postmedia plan for cost-cutting

Postmedia Network Canada Corp. announced plans for a three-year cost-cutting program as it reported a fiscal third-quarter loss Tuesday. The Toronto-based media company posted a net loss of $12.1 million for the quarter as revenue slipped to $212 million, a drop of 6.9 per cent compared to the same period last year. Canada.com

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