We believe shareholders might want to evaluate the CEO compensation package of Postmedia Network Canada Corp. (TSE:PNC.B).

2 min read | February 13, 2025 12:36 PM EST | By Team Kalkine Media

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We believe shareholders might want to evaluate the CEO compensation package of Postmedia Network Canada Corp. (TSE:PNC.B).

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Highlights

CEO compensation significantly exceeds industry norms.

Declining EPS and revenue raise concerns.

Upcoming AGM may address strategic plans for improvement.

Shareholders of Postmedia Network Canada Corp. (TSE:PNC.B) are keenly awaiting the company's Annual General Meeting scheduled for the 19th of February. The company's performance has been under scrutiny, with a 31% decline in total shareholder return over the past three years and a steady decrease in earnings per share (EPS) by 2.6% annually.

CEO Andrew MacLeod's total compensation has risen by 16% to reach CA$1.9 million, which notably includes a CA$1.10 million salary. This sum stands at 480% above the median for companies in the Canadian media industry with similar market capitalizations. Such a compensation structure raises questions, particularly when EPS and revenue have shown no significant improvement.

The company’s market capitalization currently stands at CA$111 million, yet it grapples with declining revenue, having fallen 6.4% over the past year. Shareholders may be considering their stance on executive remuneration as they prepare for the AGM, with the aim of influencing decisions that could enhance the company's future performance.

This event provides a platform for the board to articulate strategies for reversing the company's fortunes, an opportunity eagerly anticipated by shareholders dissatisfied with the recent returns.

For those analyzing TSE:PNC.B, a thorough examination of CEO compensation alongside the company's performance can offer insights into potential areas for realignment, with an eye on boosting shareholder value.

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