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    PNC.B   CA73752W5028

POSTMEDIA NETWORK CANADA CORP.

(PNC.B)
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Postmedia Network Canada : CFO Brian Bidulka Stepping Down

06/16/2021 | 01:00pm EDT

Postmedia CFO Brian Bidulka Stepping Down

June 16, 2021 (TORONTO) - Postmedia Network Canada Corp. ("Postmedia" or the "Company") today announced that its Chief Financial Officer, Brian Bidulka, will be stepping down from the role effective August 31, 2021 and will continue in an advisory capacity until early 2022 to assist in the transition. Mary Anne Lavallee, CPA, CA, Postmedia's EVP and Chief Operating Officer will take on the additional role of Interim Chief Financial Officer.

"We thank Brian for his contributions to Postmedia over the past four years," said Andrew MacLeod, President and CEO. "Brian has helped move our strategy forward including, most recently, navigating through the business impacts of a global pandemic. We wish him well in his future endeavours."

"It has been a great pleasure to work with the dynamic and innovative teams at Postmedia over the past four years," said Brian Bidulka. "I have great confidence in the strategy and vision that Postmedia is focused on and I look forward to working with the executive team to ensure that the transition will be a smooth one."

- 30 -

About Postmedia Network Canada Corp.

Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B) is the holding company that owns Postmedia Network Inc., a Canadian news media company representing more than 120 brands across multiple print, online, and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offer advertisers and marketers compelling solutions to effectively reach target audiences. For more information, visit www.postmedia.com.

For more information:

Media Contact

Phyllise Gelfand

Vice President, Communications

  1. 273-9287pgelfand@postmedia.com

Disclaimer

Postmedia Network Canada Corp. published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2021 16:59:07 UTC.


ę Publicnow 2021
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Financials
Sales 2020 508 M 406 M 406 M
Net income 2020 -16,2 M -12,9 M -12,9 M
Net Debt 2020 270 M 216 M 216 M
P/E ratio 2020 -9,63x
Yield 2020 -
Capitalization 198 M 157 M 158 M
EV / Sales 2019 0,77x
EV / Sales 2020 0,84x
Nbr of Employees -
Free-Float 100,0%
Chart POSTMEDIA NETWORK CANADA CORP.
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Income Statement Evolution
Managers and Directors
Andrew MacLeod President, Chief Executive Officer & Director
Brian Joseph Bidulka Chief Financial Officer & Executive Vice President
Paul Victor Godfrey Non-Executive Chairman
Mary Anne Lavallee Chief Operating Officer & Executive Vice President
Gillian Akai Chief Administrative Officer & Executive VP
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