Postmedia Tells Shareholders $35 Million in Federal Government Handouts is Now a 'Key Pillar' of Its Business Strategy - 2021-05-03

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F0.png Postmedia Tells Shareholders $35 Million in Federal Government Handouts is Now a 'Key Pillar' of Its Business Strategy May 3, 2021, PressProgress

Postmedia, the corporate media giant that owns right-wing newspapers including the National Post and Toronto Sun, has spent the COVID-19 pandemic railing against emergency government subsidies as "lavish handouts" for "welfare slackers."

But it turns out that Postmedia has not only lavished itself with tens of millions of dollars in bailout money and emergency subsidies — the company also says those taxpayer-funded handouts are, in fact, "key pillars" of its business strategy.

The right-wing media conglomerate offered the head-scratching admission to investors in its recently released 2020 annual report.

Wikipedia cite:
{{cite news | title = Postmedia Tells Shareholders $35 Million in Federal Government Handouts is Now a 'Key Pillar' of Its Business Strategy | url = https://pressprogress.ca/postmedia-tells-shareholders-35-million-in-federal-government-handouts-is-now-a-key-pillar-of-its-business-strategy/ | work = PressProgress | date = May 3, 2021 | accessdate = September 27, 2021 }}