Postmedia Network to outsource printing of The Vancouver Sun and The Province newspapers
The Company has entered into two separate print outsourcing agreements for the printing of its Vancouver-based newspapers
TORONT, Canada – November 28, 2013 — Further to its announcement of September 9, 2013 regarding the planned sale of the Company’s Kennedy Heights printing facility in Surrey, British Columbia, Postmedia Network Canada Corp. today announced the outsourcing of printing of The Vancouver Sun and The Province newspapers when Kennedy Heights closes.
The Company has entered into two separate print outsourcing agreements for the printing of its Vancouver-based newspapers: one with TC Transcontinental Printing for the production of The Vancouver Sun newspaper and the other agreement with Black Press Group Ltd. for the production of The Province newspaper.
In July 2012, the Company announced a three-year transformation program targeting operating cost savings of 15%-20%. Operating cost reductions realized through the shutdown of Kennedy Heights referenced above, represent a portion of these previously announced savings.