Montreal Gazette to cut Monday print edition
Storied newspaper the Montreal Gazette announced Wednesday it will no longer produce a Monday print edition, citing "rapidly changing news consumption habits" of its readers.
The change will take effect on Oct. 17. An online version of the paper will continue to be published on Mondays, and subscription rates won't change.
"The decision reflects the rapidly changing news consumption habits of our readers, the needs of our advertisers and the escalating costs of printing and delivering a printed product," wrote Editorial Senior Vice-President Gerry Nott in a statement on the paper's website.
"News happens 24 hours a day, seven days a week, and our commitment to you is to deliver it quickly, honestly and thoroughly as reader consumption habits continue to shift," he wrote.
The Gazette is one of nine Postmedia papers scrapping their Monday prints.
The Vancouver Sun, The Province, Calgary Herald, Calgary Sun, Edmonton Journal, Edmonton Sun, Ottawa Citizen, and the Ottawa Sun will also be affected.
Postmedia spokesperson Phyllise Gelfand told The Canadian Press there are no job cuts tied to the change, and that the company is focused on "going where (its) readers are."
"We will continue to evaluate the needs and preferences of our audiences and customers," she said. "That may include other initiatives though I have nothing specific to announce at this time."
Postmedia newspapers are displayed in Ottawa on January 8, 2010. THE CANADIAN PRESS/Adrian Wyld
THIRD QUARTER LOSSES IN PRINT, GAINS IN DIGITAL
The change comes after the company reported print losses in its third quarter, while digital revenue grew.
Postmedia bought Brunswick News Inc. on March 25 for $7.5 million plus 4.1 million variable voting shares, taking ownership of the company’s daily and weekly newspapers, digital properties and parcel delivery business.
After the acquisition, Postmedia reported a 3.1 per cent year-over-year increase in print advertising revenue in the three months prior to May 31. Excluding the financial impact of the deal, the company reported a loss of $1.6 million, or 4.3 per cent.
It also saw losses in print circulation revenue amounting to $2.5 million, or 5.9 per cent, year-over-year. Losses were deeper excluding the acquisition, at $4.5 million, or 10.4 per cent, "as a result of decreases in circulation volumes, partially offset by price increases," the company said.
Digital revenue increased, however, by $6.9 million, raking in $30.3 million for the company in the third quarter.
Apart from the Brunswick acquisition, the company attributed that growth to increases in digital marketing services and "off-network programmatic digital advertising."
With files from The Canadian Press
CTVNews.ca Top Stories
Bodies found by U.S. authorities searching for missing B.C. kayakers
United States authorities who have been searching for a pair of missing kayakers from British Columbia since the weekend have recovered two bodies in the nearby San Juan Islands of Washington state.
Amid concerns over 'collateral damage' Trudeau, Freeland defend capital gains tax change
Facing pushback from physicians and businesspeople over the coming increase to the capital gains inclusion rate, Prime Minister Justin Trudeau and his deputy Chrystia Freeland are standing by their plan to target Canada's highest earners.
'It's discriminatory': Individuals refused entry to Ontario legislature for wearing keffiyeh
Individuals being barred from entering Ontario’s legislature while wearing a keffiyeh say the garment is part of their cultural identity— and the only ones making it political are the politicians banning it.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
Saskatchewan households will continue to receive carbon tax rebate: Trudeau
Households in Saskatchewan will continue to receive Canada Carbon Rebate payments, despite the province refusing to remit the federal carbon price on natural gas, Prime Minister Justin Trudeau said Tuesday.
'It's just so hard to let it go': Umar Zameer still haunted by death of Toronto police officer
'We hoped for this day, but we were scared that it would not never ever come because it took so long.' That’s what Umar Zameer, the man recently acquitted in the death of a Toronto police officer, told CTV News Toronto in a sit-down interview on Tuesday.
Senate expenses climbed to $7.2 million in 2023, up nearly 30%
Senators in Canada claimed $7.2 million in expenses in 2023, a nearly 30 per cent increase over the previous year.
Canucks goalie Thatcher Demko won't play in Game 2
The Vancouver Canucks will be without all-star goalie Thatcher Demko when they face the Nashville Predators in Game 2 of their first-round playoff series.
Pedestrian, baby injured after stroller struck and dragged by vehicle in Squamish, B.C.
Police say a baby and a pedestrian suffered non-life-threatening injuries after a vehicle struck a baby stroller and dragged it for two blocks before stopping in Squamish, B.C.