overseeing-company

Court approves Postmedia bid for insolvent Atlantic newspaper chain

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Court approves Postmedia bid for insolvent Atlantic newspaper chain

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

Sale of Atlantic Canada’s biggest newspaper chain could reduce local content: expert

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Sale of Atlantic Canada’s biggest newspaper chain could reduce local content: expert

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