Canada newspaper ad revenue slumped in 2015: industry group

By Alastair Sharp TORONTO (Reuters) – Business got even tougher for Canada's newspaper industry last year, data showed on Friday, with nationally distributed advertising cut by almost a quarter and online ad sales barely taking up any of the slack. Total daily-newspaper revenue in 2015 fell to C$1.4 billion ($1.1 billion), down 12.6 percent from a year earlier, according to the data compiled by Newspapers Canada, an industry group representing publishers. The country's biggest newspaper publisher, Postmedia Network Canada Corp last month said it was looking to sell assets or restructure its finances as its losses widened in "an unrelentingly challenging environment".

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