Canadian Publishing Industry News
11 August 2024,     TORONTO
Postmedia Receives Court Approval Of Acquisition of Saltwire
owns 23 daily and weekly newspapers in Atlantic Canada.
owns 23 daily and weekly newspapers in Atlantic Canada.
 Postmedia announced that the Nova Scotia Supreme Court has issued an order approving Postmedia’s announced potential acquisition of certain businesses and assets of Saltwire Network Inc. and The Halifax Herald Limited. Postmedia also confirmed that it had reached an agreement with certain unions representing employees of Saltwire in respect of certain employment-related matters. Postmedia says" While change is difficult, we at Postmedia believe with
itself has been reporting losses for years on declining revenue
itself has been reporting losses for years on declining revenue
deep conviction that there is a positive, sustainable and vibrant future for news media in the Atlantic provinces and across Canada.” The potential acquisition remains subject to various conditions, including the completion of definitive transaction documentation, and has an outside close date of August 26.  Postmedia is a Canadian newsmedia company representing more than 130 brands across multiple print, online, and mobile platforms. 
 
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