Canada’s largest newspaper chain is asking suppliers to volunteer for 12 percent price cuts, according to a confidential email from its chief financial officer. The executive did not respond when asked to confirm the urgent appeal. It follows the resignation of the executive chair of Postmedia Network Incorporated.

“What percentage in cost savings are you willing to offer?” asked a Vendor Questionnaire. “Are there any additional incentive programs that you would be willing to offer?”

Postmedia lost $74.7 million last year despite millions in federal subsidies, according to company records. Its current financial year expires August 31.