Postmedia Network Inc. confirmed Friday that some of its daily newspapers have cut jobs in an effort to tighten their operations and refocus on serving an Internet-based readership.
The Toronto stock market closed modestly higher Friday with the TSX failing to get much traction from an American jobs report which blew past expectations.
Private employers in the United States hired more workers over the past three months than first thought, lifting hopes for the weak economy ahead of the Labour Day weekend. But the unemployment rate rose in August for the first time in four months as more people entered the market looking for work.
Edward Greenspon, a former editor-in-chief at the Globe and Mail, has been appointed vice president, business development at the Toronto Star and the Star Media Group.