The price of Postmedia Network Canada Corp.'s class C voting shares have taken a tumble.
The company owns 10 daily papers—including the Vancouver Sun and Province—as well as canada.com and Infomart.
This month, the share price of PNC–A (the class C stock) fell from $1.50 to 87 cents.
In its last quarterly results ending May 31, Postmedia reported an operating loss of $95.6 million.
That was significantly worse than the $4.1-million operating income reported over the same quarter of 2012.
This year's quarterly loss before income taxes was $112.2 million, compared with a $12.1-million loss over the equivalent period in 2012.
Print advertising was off by 13.5 percent compared to the same quarter of 2012.
Through the first nine months of this fiscal year, the company has posted a net loss of $118 million, compared to a net profit of $5.1 million in the first nine months of the last fiscal year.