Canadian Magazine Industry News
10 March 2016,     TORONTO
ZoomerMedia to sell-leaseback properties
ZoomerMedia Limited, publisher of Zoomer magazine, has entered into an agreement to sell its 2.6-acre property and buildings (located at 30, 64 and 70 Jefferson Avenue in Toronto) to Allied Properties REIT for $31 million. ZoomerMedia will lease the property from Allied in a deal set to close on March 29, 2016. The proceeds of the sale will be put towards debts and working capital purposes.

Story Tools
Most Recent News Comment
Joe Glionna says:
Thank you for proving you don’t belong in my organization. Anyone can be an anonymous asshole. Cou...
Most Recent Blog Comment
Jim A. says:
I also purchased an Android tv box just a short while ago, with the intent of cancelling or, at the ...
Scott Bullock Covers Sell
Scott Bullock
Most recent posts:
Industry Guest Blogger Words of Inspiration
Industry Guest Blogger
Most recent posts:
Dennis Kelly 57 Media Spikes
Dennis Kelly
Most recent posts:
Martin Seto Gadget Blog
Martin Seto
Most recent posts:
Norm Lourenco RGD Magazine Media Brandaid
Norm Lourenco RGD
Most recent posts:
Richard Johnson Off the Page
Richard Johnson
Most recent posts:
Special Reports
Upcoming Industry Events
Masthead Web Edition Archives
More Archives