Postmedia Expects at Least $8 Million in Taxpayer Subsidies - 2019-07-11

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F0.png Postmedia Expects at Least $8 Million in Taxpayer Subsidies July 11, 2019, Paul Willcocks, The Tyee

It's not surprising that the first real information about the federal government's subsidies for news media would come from Postmedia. Traditional media organizations have been lobbying for a bailout.

The floundering corporation released its quarterly results Wednesday. They were bleak, as they have been every quarter since 2010 when Postmedia became Canada's major newspaper owner.

But the corporation shared good news, at least from its perspective. Postmedia expects to get $8 million to $10 million this year from taxpayers under the federal government's subsidy program to support "a strong and independent news media."

Wikipedia cite:
{{cite news | first = Paul | last = Willcocks | title = Postmedia Expects at Least $8 Million in Taxpayer Subsidies | url = https://thetyee.ca/Mediacheck/2019/07/11/Postmedia-Taxpayer-Subsidies/ | work = The Tyee | date = July 11, 2019 | accessdate = May 7, 2020 }}