Postmedia Expects $8-10 Million Per Year From News Bailout
News Brief
Postmedia Expects $8-10 Million Per Year From News Bailout
And Torstar estimates that it will get about $6 million

In its quarterly earnings report released today, Canada’s largest newspaper company said that it expects to receive $8 to 10 million per year from the federal government’s new tax credit for journalist salaries.

“Based on our current staffing levels,” wrote the management of Postmedia, “we expect the per-annum journalism tax credit to be between $8 million and $10 million,” dating from January 1 of this year [pdf].

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