Postmedia announced it has earned $700,000 in net profits in its second quarter, an improvement from the same time a year before.
The media company reported its revenue for the three months ended Feb. 28 was $106 million, down from $134.2 million a year earlier — before the economic impact of COVID-19 was a major factor.
The revenue decline was attributable to a 29 per cent decrease in print advertising, 21 per cent drop in digital revenue and an 11.6 per cent fall in print circulation revenue.
You can read the full earnings report here.
