Postmedia posts $22.8 million Q4 loss

TORONTO — Postmedia Network Canada Corp. continued to experience significant revenue erosion at its newspaper business during its fourth quarter, which ended with a $22.8 million net loss. The company, which owns the National Post, said the loss amounted to 24 cents per share. The company announced in June that it would begin another round of cost-reductions through voluntary and involuntary departures.