Calgary Herald owned by Postmedia Network
Canwest News Service
In July 2000, CanWest Global made Canadian media history with its $3.5 billion purchase of Hollinger's newspaper and internet assets, acquiring "136 daily and weekly newspapers," [which included the Calgary Herald and] half of The National Post, 13 large big-city dailies, 85 trade publications and directories in the Southam Magazine and Information Group."By 2003, Southam "was fully absorbed into CanWest Global Communications." By 2003, Izzy Asper had built "CanWest Global into a profitable media powerhouse with annual revenues in excess of $2 billion and net earnings of $90 million."Canwest entered bankruptcy protection in late 2009. and announced Tuesday 13 July 2010 that its newspaper subsidiary has successfully emerged from creditor protection with new owners Postmedia.Postmedia
Postmedia purchased the Calgary Herald from Canwest in 2010. Postmedia, backed by a New York hedge fund, holds some of Canada's largest daily newspapers, including the Post, Vancouver Sun, Calgary Herald, and Ottawa Citizen.By October 2011, Postmedia had cut about 500 full-time jobs across the many newspapers it owns to deal with the debt it inherited with the 2010 purchase. CEP union spokesman Peter Murdoch said, "This is hardly of net benefit to Canadians, their communities or the critical flow of information in a democratic society."
Since it emerged from bankruptcy court protection in July, 2010, Postmedia has erased 750 jobs, or 14 per cent of its work force, bringing to 1,700 the total number of staff eliminated at the company since 2008.
By 2011, the Calgary Herald newsroom was remodelled to enable teams to work on its websites and social media platforms like Twitter as advertising revenue migrated from printed to digital media. The Calgary Herald, like Postmedia's 45 other metropolitan and community newspapers, was struggling financially. Postmedia's print circulation and advertising sales, which accounted for 90 percent of its revenue, declined, its debt load was heavy, which forced it to cut costs aggressively cut. In spite of the digital innovations at the Calgary Herald in which staff did not have the protection of a union, and there were even deeper job cuts. Postmedia met with union-resistance at its other papers.Guy Huntingford
In August 2010 Paul Godfrey President and CEO of Postmedia Network announced the appointment of Guy Huntingford as the publisher of the Calgary Herald as it "continues its transformation into an integrated multimedia brand." In April 2013 Godfrey announced that was "eliminating the publisher position at its chain of 10 newspapers, which includes the National Post, the Montreal Gazette, the Ottawa Citizen" and the Calgary Herald in a cost-cutting measure.
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