ownership-private-equity

Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers

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Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers

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

SaltWire’s money woes a sign of bigger problems in the newspaper business: experts

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SaltWire’s money woes a sign of bigger problems in the newspaper business: experts

The recent decision by SaltWire Network Inc., Atlantic Canada’s largest newspaper company, to seek protection from its creditors is another sign of the decline of the business and the growing threat to local journalism, experts said Tuesday. “We’re seeing a resurgence in a steady spate of closings and scaling back of local news operations,” said … Read more

From cult status to closure fears — what happened to The Body Shop?

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From cult status to closure fears — what happened to The Body Shop?

It’s a store you know by scent. For decades, the sometimes-overwhelming aroma of The Body Shop’s satsuma soaps and coconut body butters have wafted through mall concourses, as much a staple to the culture as the food court. The U.K.-based beauty and cosmetics shop has more than 3,000 retail locations in 70 countries, including 110 standalone … Read more