Postmedia has been given court approval to buy SaltWire, Atlantic Canada's largest newspaper chain, for $1M. The company has said that there will be job cuts among SaltWire’s 363 employees and 800 contractors, but no specific details have been provided.
- Other type of event
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Information and cultural industries
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Added on 2024-08-13
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Prince Edward Island, PE
- globalnews.ca
Postmedia has agreed to purchase SaltWire, Atlantic Canada's largest newspaper chain, and hopes to close the deal by August 26. Saltwire has over 20 papers including Halifax’s Chronicle Herald, The Guardian in Charlottetown, and The Telegram in St. John's.
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Information and cultural industries
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Added on 2024-07-26
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Prince Edward Island, PE
- cbc.ca
Talks are still underway to keep Saltwire operating, after the company applied for bankruptcy protection in March. One unnamed buyer is being considered. Some of Saltwire’s affiliated companies will be shut down or sold, while Door Direct will continue.
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Information and cultural industries
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Added on 2024-06-21
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Prince Edward Island, PE
- cbc.ca
Non-binding offers were made to buy all or part of SaltWire Network Inc., including some who want to keep the business running. The media companies employ about 800 independent contractors and 390 staff. Binding offers will be required by May 24.
- Other type of event
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Information and cultural industries
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Added on 2024-04-28
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Prince Edward Island, PE
- cbc.ca
SaltWire Network Inc., the owner of 23 Atlantic Canada newspapers, has filed for creditor protection with $94M in debt. The company has 14 weekly papers, as well as the Chronicle Herald and Cape Breton Post in N.S., the Telegram in N.L., and the Guardian in P.E.I.
- Other type of event
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Information and cultural industries
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Added on 2024-03-08
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Prince Edward Island, PE
- cbc.ca