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| Canadian publisher axes executives at newspaper 'silos' | Canadian publisher axes executives at newspaper 'silos' |
| (5 months later) | |
| Canada's cash-strapped newspaper publisher, Postmedia Network, is trying to stem its losses by taking the axe to people at the top. | Canada's cash-strapped newspaper publisher, Postmedia Network, is trying to stem its losses by taking the axe to people at the top. |
| It is eliminating the publisher position at its chain of 10 newspapers as it faces up to declines in advertising revenue and a heavy debt burden, reports the Globe & Mail. | It is eliminating the publisher position at its chain of 10 newspapers as it faces up to declines in advertising revenue and a heavy debt burden, reports the Globe & Mail. |
| The paper reveals that in the most recent quarter, up to the end of February, Postmedia's print advertising dropped by 13.8% year on year while digital advertising increased by just 1.7%. | The paper reveals that in the most recent quarter, up to the end of February, Postmedia's print advertising dropped by 13.8% year on year while digital advertising increased by just 1.7%. |
| The decision to reorganise the company in order to dispense with publishers was announced in a staff memo issued from Paul Godfrey, Postmedia's president and CEO. | The decision to reorganise the company in order to dispense with publishers was announced in a staff memo issued from Paul Godfrey, Postmedia's president and CEO. |
| It included this winning phrase: the new executives "will focus on facilitating the transition from local silos to the new functional reporting structure." | It included this winning phrase: the new executives "will focus on facilitating the transition from local silos to the new functional reporting structure." |
| Silos? Is that what newspaper offices are now? Structures for the storying of grain… how gratifying! | Silos? Is that what newspaper offices are now? Structures for the storying of grain… how gratifying! |
| Source: Globe & Mail | Source: Globe & Mail |
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