Postmedia pauses direct company advertising on Meta Platforms

Postmedia Network, a wholly owned subsidiary of Postmedia Network Canada Corp. (PCDAF), announced it has paused all direct company advertising on Meta platforms, including Facebook and Instagram, “adding to the wave of support for the Canadian news industry in the face of the unfair actions of dominant digital players.” Andrew MacLeod, President and CEO of Postmedia, said: “Our government recently made important steps by passing the Online News Act. There is no greater proof of the critical need for this law at this time than the actions taken upon its passing. We hope to work together to ensure that all parties can do what the Online News Act allows for, to bargain fairly, level the playing field and preserve journalism in Canada.”