National Post
The National Post is a Canadian national daily newspaper founded by Conrad Black in 1998; it passed to CanWest Global Communications between 2000 and 2002 and has been owned by PostmediaPostmediaPostmedia (Postmedia Network Canada Corp.) is a Toronto-based Canadian news media company. It was formed in 2010 to acquire Canwest’s newspaper assets and added Sun Media’s English-language publications in 2015; after a 2016 recapitalization, funds advised by Chatham Asset Management became its principal shareholders.Open the full entry since 2010.
Contents11 sections
Key facts
October 27, 1998First Edition
The National Post was founded by Conrad Black and published its first edition on October 27, 1998; Black had bought the Financial Post a few months earlier and folded it into the new paper. He said at the time, “There’s certainly room for two papers out there.”[1]
November 16, 2000CanWest Acquires Half
On November 16, 2000 CanWest Global Communications completed its purchase of substantially all of Hollinger’s Canadian newspaper and internet assets for about C$3.1 billion, including a 50% interest in the National Post.[2]
Hollinger lost C$55 million in building the paper’s readership.[1]
August 24, 2001Hollinger Agrees to Sell Remaining Stake
Hollinger International and Hollinger Inc. agreed to sell their remaining half of the National Post to CanWest, with Hollinger’s representatives leaving their executive posts at the paper from September 1; Hollinger called it “a painful, but a sensible decision.”[3]
April 2002Wholly Owned by CanWest
The transaction closed in April 2002. The National Post was one of Canada’s two national daily newspapers, with average daily circulation of 254,909 for the six months ended September 30, 2002.[2]
2008Paul Godfrey Becomes President
Paul Godfrey was president of the National Post from 2008 and became chief executive of the newly created Postmedia in 2010.[4]
October 27, 2009Canwest Seeks to Transfer the Paper
Within proceedings under the Companies’ Creditors Arrangement Act, Canwest sought court approval to move the National Post’s assets and business into a new subsidiary of Canwest Publishing Inc., which would offer jobs to all employees and assume the paper’s pension plan.[5]
October 30, 2009Court Approves the Transfer
The Ontario Superior Court of Justice approved the transfer and issued a vesting order, with closing expected on October 31.[6]
July 13, 2010Becomes Part of Postmedia
Postmedia Network Canada Corp. completed its purchase of substantially all of Canwest Limited Partnership’s assets, bringing National Post Inc. into Postmedia.[7]
September 29, 2017Union Certification Vote
Newsroom staff launched a drive in September 2017 to join the Canadian arm of the Communications Workers of America and voted on September 29; on April 26, 2018, after an Ontario Labour Relations Board ruling on two contested ballots, the drive failed by 31 votes to 32.[8]
Related Organizations, Websites, and Public Accounts
Postmedia: Official website: https://www.postmedia.com/ (opens in a new window)[9]
Sources
- The birth of the National Post and ‘the impending newspaper war’ (opens in a new window)
- Annual Information Form (opens in a new window)
- Joint Press Release Dated August 24, 2001 (opens in a new window)
- Paul Godfrey steps down as Postmedia CEO, will remain executive chair (opens in a new window)
- Canwest seeks Court approval of transition of National Post and re-alignment of certain shared services (opens in a new window)
- Canwest successfully obtains approvals of transition of National Post and re-alignment of shared services (opens in a new window)
- Form F-4 (opens in a new window)
- How Postmedia Defeated A Union Drive At The National Post (opens in a new window)
- Form 20-F (opens in a new window)