Nieman Foundation at Harvard
HOME
          
LATEST STORY
The Washington Post now offers 20 weeks of paid parental leave; here’s what other U.S. news orgs provide
ABOUT                    SUBSCRIBE
June 18, 2013, 1:44 p.m.
LINK: www.marketingmag.ca  ➚   |   Posted by: Caroline O'Donovan   |   June 18, 2013

Paul Godfrey has been CEO of Canada’s largest newspaper chain, the Postmedia Network, for three years. In that time he’s cut more than 2,000 jobs, made two-thirds of content replicable across papers, hiked the cost of subscriptions, and rejiggered the business model toward earning roughly 50 percent of revenue from ads and 50 percent from circulation. In Canada’s Marketing magazine, he discusses his plans for his next three years in charge.

“We will continue over the next three years to downsize the legacy costs [and] outsource where we can,” said Godfrey. “We are going to be a much smaller revenue company and a very much smaller expense company by living with a smaller number of staffers and people doing more. Hopefully we’ll be a more profitable company as a result.”

Postmedia, which owns what used to be the Canwest chain of Canadian newspapers, owns major papers in Vancouver, Calgary, Ottawa, and other Canadian cities, along with the National Post.

Show tags Show comments / Leave a comment
 
Join the 50,000 who get the freshest future-of-journalism news in our daily email.
The Washington Post now offers 20 weeks of paid parental leave; here’s what other U.S. news orgs provide
The Wall Street Journal: 20 weeks. The New York Times offers 16 to 18 weeks for birth mothers and 10 weeks for non–birth parents.
Here’s how researchers got inside 1,400 private WhatsApp groups
They…joined them! Plus: YouTube beats Indian news organizations 65-to-1, and machines can make fake news pretty well, but it can’t detect it.
“Publishers are going to live or die based on their relationship with readers”: How Quartz is rethinking its membership offerings
“It’s more similar to an Audible.com subscription, where you’re getting access to this huge library of journalism, than it is to a daily news subscription.”