Postmedia shutters National Post Monday print edition, to launch Financial Post standalone app
New, redesigned websites for the National Post and Financial Post will launch on Tuesday, while an e-paper edition of the Monday National Post will premiere in July
The struggling Canadian newspaper company Postmedia Network today announced that it would shutter the Monday print edition of the National Post. The edition was a relatively new phenomenon as the paper would go to a Tuesday-to-Saturday print schedule every summer. Now the national paper will offer a Monday e-edition.
The company also announced a few digital media enhancements, as well, including a Financial Post standalone app to be launched (there is currently one for Financial Post Magazine), and redesigned National Post and Financial Post websites and apps.
“While we continue to innovate on our digital platforms, and enhance our offerings across all of our National Post brands, extending the summer print schedule made strategic sense,” said Gerry Nott, National Post’s Senior Vice President and SVP Content, Postmedia.
“Eliminating the Monday print publication puts our National Post brands on stronger financial footing as we continue invest our energies into expanding our brands’ reach both with audiences and clients.”
The new websites launch tomorrow (June 20), while first National Post summer Monday ePaper will publish on Monday, July 3.
In April, Postmedia reported that its ad revenue fell 22.2 percent in the first three months of this year, with overall revenue falling 14 percent. The company also posted a $26.7 million loss.