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The National Post hits newsstands

Is there room for another national newspaper in Canada? That is the prevailing question today as Conrad Black launches his ambitious new paper, the National Post. In 1998, increasing numbers of Canadians are finding their news online, making any new paper a risky venture. But Black is not deterred, and is giving his brainchild the backing to give the Globe and Mail a run for its money as Canada's premiere national newspaper. "The country's been waiting" for this new paper, says Black. Now Canadians will see if it lives up to the anticipation.
• As mentioned in this report, The National Post would have needed about 300,000 subscribers to turn a profit. As of the date of its first issue, the paper reported it already had 175,000, which led to optimistic predictions for the paper's future. Before its launch, founder Conrad Black predicted it would take five to seven years before the paper turned a profit, but publisher Don Babick later changed that prediction to three or four years. • Black's media company Hollinger International was heavily in debt by 2000 and sold 50 per cent of the National Post as part of a $3.2 billion asset sale to CanWest Global Communications. CanWest acquired the other 50 per cent in 2001. Despite the massive sale, Hollinger still declared a net loss of over $300 million in 2001.

• The National Post effectively ceased to be a truly national paper in 2006 when it stopped circulation in Atlantic Canada outside of Halifax. In 2008, the paper ceased home delivery and weekday printings in both Manitoba and Saskatchewan.

• According to 2007 statistics from the Canadian Newspaper association, the National Post has the fifth-highest circulation of any newspaper in Canada, with 203,781 issues. It ranks behind the Toronto Star, the Globe and Mail, Le Journal de Montréal and La Presse, respectively.

• In January 2009, CanWest announced that the National Post had recorded its first-ever quarterly profit.

Medium: Television
Program: The National
Broadcast Date: Oct. 27, 1998
Guest(s): Conrad Black, Donna Logan, Peter Swain, William Thorsell
Host: Peter Mansbridge
Reporter: Raj Ahluwalia
Duration: 2:33
Photo: Front page photo of man reading the National Post by Kevin Frayer/Canadian Press.

Last updated: June 3, 2013

Page consulted on December 6, 2013

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