Friday, April 07, 2006

CanWest Mediaworks experiencing significant losses for Dose and Metro

CanWest Mediaworks Limited Partnership,which publishes the company's daily and weekly newspapers, says that it expects to see the end of losses in for Dose and Metro sometime in 2008. Meanwhile, for the six months ended February 28, the losses for both are $5.1 million. A note in the financial statements suggests that the two properties' losses will eat up about $12.6 million in the year that will end in September '06. (No breakout is provided for "daily magazine" Dose, but it seems likely that the annualized losses for that property are about $5 million.)

2 Comments:

Anonymous Anonymous said...

Surely you meant to refer to Dose as "the daily magazine," not weekly.

It's not aimed at me, but I think much of it is rather good, all things considered.

2:21 am  
Blogger D. B. Scott said...

Of coure, I meant "daily" and have changed it accordingly. And I haven't been critical of Dose's content recently or in this item; for what it is, it is fun and pretty goo, though not aimed at me.

8:27 am  

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