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Postmedia Will Stay Private Until Next Year, Globe & Mail Says

Nov. 16 (Bloomberg) -- Postmedia Network Canada Corp. won’t carry out a planned stock listing until some time in the first half of next year, the Globe & Mail reported, citing an interview with Chief Executive Officer Paul Godfrey.

The newspaper company has offered employees at all its major publications lump sums to take voluntary redundancy, in a drive to cut costs, the newspaper said.

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To contact the editor responsible for this story: Alan Purkiss at apurkiss@bloomberg.net

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