Postmedia Network Canada Corp. (T:PNC.A)
Business Focus: Newspaper Publishing
| Sector: Consumer Cyclicals | Industry: Consumer Publishing |
| Company Contact | |
| Address: | 365 Bloor St. East TORONTO ON M4W 3L4 |
| Tel: | N/A |
| Website: | https://www.postmedia.com |
| IR: | See website |
| Key People | ||
| Peter M. Sharpe Independent Chairman of the Board | Andrew MacLeod President, Chief Executive Officer, Director | John B. Bode Chief Financial Officer, Executive Vice President, Chief Transformation Officer |
| Gillian Akai Executive Vice President, Chief Administrative Officer, General Counsel, Corporate Secretary | Adrian Faull Senior Vice President of Sales | Craig Barnard Senior Vice President - Print Operations and Parcel Services |
| Business Overview |
| Postmedia Network Canada Corp. is a Canada-based holding company that owns Postmedia Network Inc., a Canadian news media company representing approximately 130 brands across multiple print, online, and mobile platforms. The Company operates through the Newsmedia segment that publishes daily and non-daily newspapers and operates digital media and online assets, including each newspaper's online website. Its operations consist of news and information gathering and dissemination operations, with products offered in local, regional, and major metropolitan markets in Canada through print, online and mobile platforms. Its brands include National Post, Financial Post, Canadian Family Offices, Airdrie Echo, Bow Valley Crag & Canyon, The Vancouver Sun, The Province, The Graphic Leader, Edmonton Journal, Edmonton Sun, Business London, Cochrane Times-Post, Community Press, The Daily Press, The Londoner, The Expositor, The Timmins Times, The Courier Press, St. Thomas Times-Journal, and others. |
| Financial Overview |
| For the six months ended 29 February 2024, Postmedia Network Canada Corp revenues decreased 14% to C$202M. Net loss decreased 16% to C$30.7M. Revenues reflect Advertising decrease of 22% to C$94M, Circulation decrease of 15% to C$65.5M, Other Expenses decrease of 17% to C$15.5M. Lower net loss reflects Compensation decrease of 18% to C$69.8M (expense), Foreign currency exchange losses decrease of 90% to C$869K (expense). |
| Employees: | 2,098 as of Aug 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $485.87M as of Feb 29, 2024 |
| Annual revenue (TTM): | $414.45M as of Feb 29, 2024 |
| EBITDA (TTM): | $7.43M as of Feb 29, 2024 |
| Net annual income (TTM): | -$66.59M as of Feb 29, 2024 |
| Free cash flow (TTM): | -$19.09M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $347.89M as of Feb 29, 2024 |
| Shares outstanding: | 99,043,201 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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