Basically says more layoffs and closures coming. Print advertising looks bleak he says. Asks for more government advertising. Not going over well with Liberals, especially considering the chain's support for and endorsement of the Tories in the last election.
Anyone care to speculate when one or the other of The Sun or The Province closes shop here in Vancouver? Can both survive the year?
http://news.nationalpost.com/news/canada/newspaper-business-ugly-and-it-will-get-uglier-postmedia-president-and-ceo-paul-godfrey-tells-commons