The world’s oldest Sunday newspaper, The Observer, could be sold to an online start-up media group, its owner of more than 30 years announced on Tuesday. The Guardian Media Group said in a statement that it is in talks to offload the weekly publication for an undisclosed amount to Tortoise Media, launched in 2019. GMG … Read more
Atlantic Canada’s largest newspaper chain is now officially owned by Toronto-based Postmedia Network Inc. On Monday, Postmedia confirmed the closing of its $1-million purchase of SaltWire Network Inc. and the Halifax Herald Ltd. in a short statement on its website. The sale was approved by a Nova Scotia Supreme Court judge on Aug. 8. Andrew … Read more
If you want to understand the struggling local news landscape, look no further than Atlantic Canada, where a takeover has kept the region’s largest newspaper publisher in operation, but still leaves local journalism in a tenuous state. Toronto-based Postmedia, whose titles include the National Post and the Montreal Gazette, has taken over the financially insolvent SaltWire … Read more
Postmedia has started the process of taking over those parts of the insolvent SaltWire Network that it plans to keep running. Atlantic Canada’s largest newspaper chain has been under court protection since March, when its largest creditor forced the company into insolvency. SaltWire publishes newspapers in Nova Scotia, Prince Edward Island and Newfoundland and Labrador, including the Halifax … Read more
The Nova Scotia Supreme Court has approved Postmedia’s $1-million bid to acquire Atlantic Canada’s largest newspaper chain. Justice John Keith ruled Thursday afternoon that the proposal is “reasonable and fair,” clearing the way for the Toronto-based media company to buy the insolvent SaltWire Network Inc. and the Halifax Herald Ltd. Earlier in the day, a lawyer representing the … Read more
A trove of documents detailing more than two centuries of tornado events in Canada is now available to anyone with an internet connection. The files were housed in Environment Canada’s archives, and have been digitized and posted online as part of a multi-year project spearheaded by the Northern Tornadoes Project (NTP) at Western University in … Read more
An expert who tracks Canada’s mainstream media industry says Postmedia’s pending purchase of Atlantic Canada’s largest newspaper chain is almost certain to result in job cuts and a reduction in local content. April Lindgren, a journalism professor with Toronto Metropolitan University, says Postmedia Network Inc. has also made a habit of closing unprofitable publications, having … Read more
Postmedia has entered an agreement to purchase SaltWire, Atlantic Canada’s largest newspaper chain, according to a news release issued Friday. SaltWire has been under creditor protection since March. It publishes more than 20 papers in Atlantic Canada, including The Chronicle Herald in Halifax, The Guardian in Charlottetown, and The Telegram in St. John’s, along with associated websites. … Read more
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As revenue slumps from a “challenging advertising environment,” Canadian media company Corus Entertainment — which houses brands like Global News and YTV — is “aggressively” cutting costs, continuing layoffs and shutting down parts of its business. In the company’s third-quarter earnings call on Monday, co-chief executive officer John Gossling said that by the end of August, Corus expects it will have … Read more
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