Postmedia Network Inc. plans to acquire SaltWire Network and Halifax Herald businesses, enhancing local journalism in Atlantic Canada.
Postmedia Network Inc., a major Canadian media company, plans to acquire certain businesses belonging to insolvent SaltWire Network Inc. and The Halifax Herald Ltd., the companies behind Atlantic Canada's largest newspaper chain. The deal, subject to conditions such as court approval and satisfactory outcomes with unionized workers, aligns with Postmedia's commitment to preserving local journalism. Postmedia aims to complete the acquisition by August 26, ultimately providing resources to ensure reliable and high-quality local news continues to be provided to affected communities in the Atlantic region.
July 26, 2024
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