32

Adieu, National Post?

Report warns the newspaper may close its doors as early as Friday


 

The New York Times‘s Ian Austen isn’t altogether kind to the National Post, which only recently celebrated its 11th anniversary. Suggesting that Conrad Black created the Post “in part to promote his political views” and that it offers readers “sharp political opinion and elastic boundaries in taste,” Austen reports the paper may well close on Friday. The Post’s losses, according to a report prepared by a bankruptcy court-appointed monitor, have been as stunning as some have believed over the course of its existence, if not worse: $139.1 million in the last seven years. In its most unprofitable year, 2001, it lost $60 million. Last month alone it lost $900,000. But Austen also relays the monitor’s explanation for how—and why—the Post could still be saved. The Supreme Court of Ontario could still approve its transfer to a new holding company, part of a process that would see it incorporated with the other CanWest dailies, including the Ottawa Citizen and the Montreal Gazette. Why would the CanWest papers be interested? The monitor’s tantalizing take is they still make money from the National Post, which continues to shoulder some of those papers’ financial burdens.

The New York Times


 
Filed under:

Adieu, National Post?

  1. It boggles the mind that one can lose that much money that quickly. I wonder what the daily cost of printing and distributing the paper is. Must be high. Also rather mind-boggling that it has 277 employees.

  2. Very sad indeed if this is lost. It is a GREAT read and would be missed in the West

    • …except you can't even get it in a lot of places. For instance you can't get home delivery in Manitoba, Saskatchewan, and most of Alberta and BC.

      • It isn't even available on the news stands in Prince Edward Island.

    • Not by everyone.

  3. Yes, the west will miss it – but not for what you think. The last big haul of ocean salmon is gone, so too maybe its wrap…

  4. "It boggles the mind that one can lose that much money that quickly."

    Yes, it takes a certain skill to lose that much money. But assigning seven reporters to cover the Concorde crash, as the National Post did, may have been the high point in Canadian newspaper profligacy.

    The scribes who continue to wax fondly about the farsightedness of the management of the National Post need to give their heads a collective shake.

  5. If it was created to promote one individual's (Conrad Black's) view of the world, is it (was it) still a newspaper?

  6. A Daily newspaper with no advertising could easily cost two or three dollars to produce. It can be surprisingly labor intensive. Just having security guards at one printing plant would be five full time employees (40 hour weeks, 24 hour coverage, days off) If they didn't maintain newsbureaus in the largest cities in Canada, they would be completely dependent on the Canadian Press and would look like a small city daily and they could never compete with the Globe and Mail. Trying to be a national paper would make them a poor media buy for a local advertiser. A car dealership in Toronto probably wouldn't care of readers in Ottawa knew he existed or not.

    Here in the US, the USA Today is hemorrhaging both red ink and subscribers because supermarkets here are regional and want to be focused in areas where they have stores. Half of their circulation is in hotels. The Globe and Mail has enough circulation to run regional editions.

  7. Clearly the only plausible explanation for losing such enormous sums of money is that there is (still) a wire directly from the National Post's bank account to Conrad's.

  8. The Post offered a tiny speck of political balance to the Toronto Star, which functions as a liberal campaign machine 24/7

    • The closing of the Post would be a loss to the country's news "balance," like the closing of an Orange Lodge would be a loss to a town's volunteer sector.

  9. And what a biased piece of garbage rag it was. Good riddance…

    • Just keep reading your Toronto Star you simpleton.

      • This is JimmyF's brain on The National Post. Any questions?

        • Oh, like you're anything else but his reflection.

      • The LBC/CBC looking more like CNN.. The Toronto Star The G&M are all very left.I dont bother with any of them.

        • The Star and Globe left??? Left of what? Generalisimo Franco??? Mussolini???
          Stop it frenchie101, you're killing me!

      • Us "simpletons" will continue to read the Star as long as your ilk continues to goose-step!

  10. I hope it sticks around, and kind find a way to thrive! Convergence of media won't help the marketplace of ideas or the balance of perspectives on national issues.

  11. I find it hilarious that the most strident voice for fiscal conservatism and business interests managed to lose 139 million $$$ over the last seven years, much the same way as Reagan, Mulroney, Bush I and Bush II managed to run such staggering deficits. And the same way the big banks and insurers who clamored for deregulation managed to run much of the global economy into the ditch.

    I guess when the results don't match the theory you..ummm…preach the theory extra hard?

    • Anon Lib….your observation will only serve to aggravate the tiny hord of extreme righties who actually believe their own BS. "we can't be wrong beacuase we're the 'right'! Too bad HRH Lord Black won't have anything to read in his cell; i guess he'll have to engage in some sparkling conversation with his sleeping buddy Bubba!

  12. Fantastic News!! Another narrow-minded fascist rag down the drain. I guess the Reform/Alliance hacks will just have to get their slanted "news" from FOX the way Harpo does.

    • You've never read the paper have you? They're usually fairly libertarian and have often criticized the Harper Tories, recently calling them "Consiberals" for their blatant cronyism.

      • Indeed I have read the "paper" and yes, it is EXTREME in its right-wing views (libertarian as you say). As such, it speaks for a very small minority in this country; those that make excess salaries and bonuses and generally call the political and economic shots (i.e.: its founder HRH Lord Black of Crowbar Hilton). The rest of working class Canada counts for little in the eyes of National Post readers.

      • Indeed I have read the "paper" and yes, it is EXTREME in its right-wing views (libertarian as you say). As such, it speaks for a very small minority in this country; those that make excess salaries and bonuses and generally call the political and economic shots (i.e.: its founder HRH Lord Black of Crowbar Hilton). The rest of working class Canada counts for little in the eyes of the National Post or its readers.

      • Indeed I have read the "paper" and yes, it is EXTREME in its right-wing views (libertarian as you say). As such, it speaks for a very small minority in this country; those that make excess salaries and bonuses and generally call the political and economic shots (i.e.: its founder HRH Lord Black of Crowbar Hilton). The rest of working class Canada counts for little in the eyes of the National Post or its readers.

  13. Who would have thought a right-wing paper would be run like a right-wing government… Into the ground at great expense…

    *ba-boom-chee*

    But seriously, if the Post were to die it would be an undignified end to the flagship of the far-right. If it is gone, people on the far-right will start looking to alternative sources of information that will be significantly less informed and vetted than the Post. I prefer the Post to formats like Limbaugh and Beck since it doesn't operate on fear and misinformation to nearly the same extent.

    The Post can also offer legitimate criticism to the radicals on the far-right in a fashion that the other national media can't. Although it also grants legitimacy at times to the radical right, it is accountable through challenge from more moderate media.

    The Post is necessary and Canada would be poorer without it. The market is trying to dictate otherwise, however, so perhaps a more moderate right-wing paper will evolve out of the red hole.

  14. The criminal who founded the paper is now in U.S. jail — that criminal who hates Canada is the black Lord Conrad.

    The National Post invented stories to create hate against Toronto Street News.

    — Victor Fletcher / Toronto Street News

  15. How much money has the New York Times lost the last 10 years. Didn't some Mexican have to bail them out. No wonder the writer hates the Post–there isn't a more lying, Marxist viewpoint in mainstream media anywhere in the world. Every Nazi propoganda worker must have got a job with the Times after the war. Every dog has his way and theirs will no doubt dawn.

Sign in to comment.