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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