Postmedia Q2 loss falls as cost cutting, tax credit offset lower revenue

TORONTO _ A $17-million interactive digital media tax credit from the Ontario government helped pare Postmedia Network Canada Corp.’s second-quarter net loss to $1.3 million from a loss of $28.5 million a year earlier.

However, Postmedia executive chairman Paul Godfrey said that was the last quarter for the tax recovery because newspapers were specifically excluded in the 2015 Ontario budget.

Instead, he hopes continued lobbying of all levels of government will lead to financial support...

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