Newspaper publishers see revenues nosedive, despite government subsidies
Despite raking in massive government subsidies, Canada’s newspaper industry is still in freefall, with revenues collapsing by almost 20% last year compared to 2022.
Despite raking in massive government subsidies, Canada’s newspaper industry is still in freefall, with revenues collapsing by almost 20% last year compared to 2022.
Canadian newspaper publishers’ operating revenue fell to $1.6 billion in 2024, a drop of almost one-fifth (17.9 per cent) from 2022, when the Survey of Service Industries: New…
