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Introducing Domtar Connects: Building Stronger Communities
This Earth Day, we’re proud to launch Domtar Connects — a companywide framework that brings together contributions and employee-led community service to strengthen the places where we live and work. Inspired by the legacy of the EarthChoice Ambassador (ECA) Program and countless employee-led grassroots initiatives, Domtar Connects is designed to engage employees, align with our corporate values and maximize our impact. The program complements owner Jackson Wijaya’s commitment to philanthropy. Domtar Connects focuses on causes that reflect both who we are and what we make. Guided by our Community Investment Policy and grounded in our vision, mission and values, our contributions center around three key areas. *Education and Literacy: Domtar produces paper for books and learning materials, helping to foster education and literacy. *Humanitarian Needs: Our products support essential services and rebuilding efforts in times of crisis or natural disasters. *Sustainability and Environmental Stewardship: Our business is rooted in forest products, and we prioritize sustainability in our operations and in the communities we serve.
Postmedia Reports Second Quarter Results
“As one of the largest independent Canadian news media organizations, our strength has always been rooted in our deep connection to communities across the country,” said Andrew MacLeod, Postmedia President and Chief Executive Officer. “Our connection is strengthened by our new editorial mission, which is designed to be a connecting force – thoughtful, uplifting, and bringing Canadians together through informed, meaningful journalism.”
“The results from our second quarter demonstrate the success of our commitment to Canadian communities,” said MacLeod. “With positive momentum in both our advertising and circulation divisions, our investment into Atlantic Canada, through our Saltwire acquisition, has played a pivotal role in achieving these results. As we continue to face an immensely challenging media environment, our dedication to local communities will continue to guide the work we do.” Revenue for the quarter was $110.8 million as compared to $97.3 million in the same period in the prior year, representing an increase of $13.5 million (13.9%). The revenue increase was primarily due to increases in advertising revenue of $6.9 million (16.0%), circulation revenue of $2.2 million (6.6%) and other revenue of $4.8 million (67.4%), partially offset by decreases in parcel revenue of $0.4 million (2.9%). Excluding the impact of the Saltwire asset acquisition, advertising revenue for the quarter increased by 6.0% and other revenue for the quarter increased by 47.7%. Total operating expenses excluding depreciation, amortization and restructuring decreased $1.1 million, or 1.1%, for the quarter ended February 28, 2025, relative to the same period in the prior year.
