Post by
undervalue on Oct 22, 2021 12:09pm
Digital growth at the Post.
The Financial Post reports in its Friday edition that Postmedia Network Canada saw revenue rise to $107.7-million in its fiscal fourth quarter, a roughly 2-per-cent jump compared with the same time last year. The unbylined item says that the media company, which owns a chain of media properties across the country, including the Financial Post, said the growth was largely driven by a boost in digital revenue, which rose about 34 per cent or $7-million year-over-year, and digital advertising, which was up 38 per cent. Total advertising revenue grew by nearly 11 per cent for the three months ended Aug. 31 and has seen continued improvement in each quarter since the height of the pandemic in the fiscal fourth quarter of 2020.