Andrew MacLeod, who has been Godfrey’s second in command since 2016, becomes Postmedia’s chief executive officer. Postmedia CEO Paul Godfrey announced Thursday that Andrew MacLeod has been appointed the publishing firm's chief executive executive officer, with Paul Godfrey advising him as executive chairman. One of the few bright spots for Postmedia’s quarter was an increase in revenue from digital publications, which rose 4.5 per cent to $32.7 million from $31.3 million. Article Continued BelowAfter the quarter ended, Postmedia sold its Ottawa Citizen facility — the latest in a series of asset sales. Net proceeds will be put towards repaying $20.4-million in debt to bring outstanding first-lien debt to $105 million and second-lien debt to US$108.2 million.

Source: thestar January 10, 2019 22:18 UTC