TORONTO – The CEO of Postmedia Network Canada Corp. said Thursday that he’s hopeful that growth in revenue from the publisher’s digital products is a sign of a recovery from the worst impact of the pandemic.
“It’s still early days but we saw some green shoots in our quarter specific to digital advertising,” Postmedia chief executive Andrew MacLeod said in an interview after the newspaper and digital publisher’s latest financial report.
He added that Postmedia doesn’t expect its legacy businesses to return to sustained growth but it hopes they return to pre-pandemic levels.
Postmedia aid earlier Thursday it had a $8.7-million net profit during the third quarter ended May 31.
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