Postmedia revenue drops in first quarter
Postmedia has released its first quarter results, with revenue coming in at $211.7 million, which is down $19.4 million versus the same period last year.
The media co says the losses, which are for the period ended Nov. 30, 2012, are largely due to a decrease in print advertising revenue of $16.6 million, with declines happening in the classified, national, retail and insert advertising categories.
Print circulation was also down for the quarter, dropping by $5 million due to declines in circulation volume.
Digital revenue, however, was up for the quarter, rising $2.2 million versus the same period last year.