Postmedia Agrees to Acquire Certain Businesses and Assets of Saltwire

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.