FP Newspapers Inc. Reports Fourth Quarter 2020 Results
Fourth quarter operating results of FPI
FPI reported net income of $2.5 million for the three months ended December 30, 2020, compared to net income of $0.7 million for the same period in 2019.
Fourth quarter operating results of FPLP
FPLP s revenue for the three months ended December 31, 2020 was $14.4 million, a decrease of $1.8 million or 11.0% from the same three months in the prior year. Print advertising revenues for the three months ended December 31, 2020 were $7.0 million, an 18.2% decrease compared to the same quarter last year. FPLP s largest print advertising revenue category, display advertising including colour, was $3.4 million, a decrease of $0.9 million or 21.2% from the same period in the prior year, primarily due to the business closures as a result of the COVID-19 pandemic. Classified advertising revenues for the fourth quarter increased by $0.1 million or 11.0% compared to the same period last year, prima
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Winnipeg Free Press
Last Modified: 8:11 PM CST Wednesday, Dec. 30, 2020 | Updates Save to Read Later
Citing a considerable loss of income because of COVID-19, the licensed insolvency trustee for River City Sports is asking creditors to give them more time to make good on a previous agreement for debt repayment.
Citing a considerable loss of income because of COVID-19, the licensed insolvency trustee for River City Sports is asking creditors to give them more time to make good on a previous agreement for debt repayment. River City is simply asking for additional time to pay the balance, trustee Collin LeGall from Lazer Grant LLP told the Free Press on Wednesday, explaining the struggling sports retailer still wants to honour their original $331,000 settlement with creditors under the Bankruptcy and Insolvency Act from 2016.