Introducing Domtar Connects: Building Stronger Communities

Key highlights of the 2022 CSR Report include: *EcoVadis Gold Rating: Monadnock received EcoVadis gold rating, placing it in the top eight percent of the 90,000+ companies ranked by EcoV Since earning a silver rating in the 2015 assessment, the company has achieved a 30% improvement in performance level. *Sustainable Resource Management: In 2022, Monadnock enabled its customers to avoid the consumption of 42,400,000 pounds of wood. The company also saw a 58% increase in post-consumer waste (PCW) usage since 2021. *Waste Reduction: Trash to landfill was reduced by 11% over 2021 with an excellent diversion rate of 98.6%. For context, a Zero Waste company is often defined by a minimum 90% diversion rate. *Innovative Collaborations: Monadnock collaborated with a global brand to pioneer a paper-based, 100% post-consumer waste recycled bag closure.

“As one of the largest independent Canadian news media organizations, our strength has always been rooted in our deep connection to communities across the country,” said Andrew MacLeod, Postmedia President and Chief Executive Officer. “Our connection is strengthened by our new editorial mission, which is designed to be a connecting force – thoughtful, uplifting, and bringing Canadians together through informed, meaningful journalism.” “The results from our second quarter demonstrate the success of our commitment to Canadian communities,” said MacLeod. “With positive momentum in both our advertising and circulation divisions, our investment into Atlantic Canada, through our Saltwire acquisition, has played a pivotal role in achieving these results. As we continue to face an immensely challenging media environment, our dedication to local communities will continue to guide the work we do.” Revenue for the quarter was $110.8 million as compared to $97.3 million in the same period in the prior year, representing an increase of $13.5 million (13.9%). The revenue increase was primarily due to increases in advertising revenue of $6.9 million (16.0%), circulation revenue of $2.2 million (6.6%) and other revenue of $4.8 million (67.4%), partially offset by decreases in parcel revenue of $0.4 million (2.9%). Excluding the impact of the Saltwire asset acquisition, advertising revenue for the quarter increased by 6.0% and other revenue for the quarter increased by 47.7%. Total operating expenses excluding depreciation, amortization and restructuring decreased $1.1 million, or 1.1%, for the quarter ended February 28, 2025, relative to the same period in the prior year.

Dotdash Meredith posted a 15% decline in Q2 2023 revenue YoY to $414 million. But a $17.8 million operating loss reflected a 35% improvement over the prior year. Digital revenue fell by 10% YoY to $212 million. Print declined by 21% to $206.8 million, driven by a circulation falloffs for some publications. “Stability in traffic helped, as did passing the toughest of last year’s advertising comparables,” says Joey Levin, CEO of parent IAC. Levin continues, “While we can’t count on any aggregate recovery in the ad market, we do expect Dotdash Meredith to benefit from D/Cipher adoption, Performance Marketing strength, and more ad performance optimization on the former Meredith sites.”