Postmedia Agrees to Acquire Certain Businesses and Assets of Saltwire
July 26, 2024
Postmedia Network Inc. has entered into an agreement to acquire certain businesses and assets of Saltwire Network Inc. and The Halifax Herald Limited as Saltwire pursues restructuring under Canada’s CCAA. The transaction is intended to preserve local journalism in Atlantic Canada and provide Postmedia with back-office resources and operational infrastructure to support the regional network, subject to union agreements, stakeholder approvals and court approval.
- Buyers
- Postmedia Network Inc., Postmedia Network Canada Corp.
- Targets
- Saltwire Network Inc., The Halifax Herald Limited
- Sellers
- Saltwire Network Inc., The Halifax Herald Limited
- Industry
- Media & Entertainment
- Location
- Nova Scotia, Canada
- Transaction Type
- Divestiture
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