Postmedia Network Canada Swings to Q3 Loss
Postmedia Network Canada (PNC-B.TO, PNC-A.TO) reported third quarter loss of C$0.36 per diluted share compared with earnings of C$0.08 per share in the prior year period. Revenue for the quarter ended May 31 increased to C$146.7 million compared with C$109.2 million, a year-ago, primarily due to an increase in product distribution and other revenues, partially offset by decreases in advertising revenue and circulation revenue, it said.
08 per share in the prior year period. 2 million, a year-ago, primarily due to an increase in product distribution and other revenues, partially offset by decreases in advertising revenue and circulation revenue, it said.