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Postmedia Network Canada Corp. posted a $25-million loss in the second quarter as it continued to work to rein in costs in the face of declining revenues.

The Toronto-based newspaper company said Thursday that sales dropped by 9.1% to $162.5-million in the period.

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Postmedia did get its operating expenses down 8.7% to $140.4-million for the quarter, but restructuring and depreciation costs were up, leading to the net loss of $25.3-million, a wider loss than the $15.8-million in the same period last year.

The company, which owns Canada’s largest chain of English-language dailies, including the National Post, said revenue from print advertising was down 14.7% to $89.9-million.

Print circulation sales fell 0.7% to $47.6-million and digital sales also dropped 0.7% in the period to $21.1-million.

“We are seeing similar effects on print advertising revenues as our industry peers,” chief executive Paul Godfrey said in a memo to employees Thursday. “Our strategy is focused on developing new products and reengineering the way we produce and distribute content.”