Postmedia Enters Agreement to Acquire Saltwire

Postmedia Network Inc., a wholly owned subsidiary of Postmedia Network Canada Corp. (“Postmedia” or the “Company”) today announced that it has entered into an agreement to acquire certain businesses and assets of Saltwire Network Inc. and The Halifax Herald Limited (together, “Saltwire”), Atlantic Canada’s largest media company, which is currently under Companies’ Creditors Arrangement Act (“CCAA”) protection. This potential acquisition aligns with Postmedia’s commitment to preserving local journalism and supporting the communities it serves.

Local journalism is essential for keeping communities informed and connected. Saltwire, with over a dozen media titles, plays a crucial role in this regard. “If the transaction can be completed, Postmedia intends to provide the necessary back office resources and operational infrastructure to ensure there continues to be reliable and high-quality local news provided to the affected communities,” said Andrew MacLeod, President and Chief Executive Officer of Postmedia.
more at: https://www.postmedia.com/2024/07/26/postmedia-enters-agreement-to-acquire-saltwire/

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