HALIFAX — A monitor’s report says Postmedia Network Inc. has offered $1 million to purchase Atlantic Canada’s largest newspaper chain.
HALIFAX — A monitor’s report says Postmedia Network Inc. has offered $1 million to purchase Atlantic Canada ’s largest newspaper chain. The offer is being recommended by Toronto-based KSV Restructuring Inc.
, the court-appointed monitor overseeing the insolvency proceedings involving SaltWire Network Inc. and the Halifax Herald Ltd. In March, the two insolvent media companies were granted court-ordered protection from creditors who were owed more than $90 million. Under the plan, Postmedia, who will be the sole limited partner, will also make future payments for accrued liabilities.The report says Postmedia is looking to close the deal by Aug. 24, and the offer is scheduled to be presented to a Nova Scotia Supreme Court judge for approval on Thursday. Toronto-based Postmedia owns the National Post, Vancouver Sun, Calgary Herald and dozens of other publications. The Halifax Herald Ltd. owns The Chronicle Herald, an independent daily newspaper that was founded almost 200 years ago. In 2017, the owners of the Herald — Mark Lever and his wife Sarah Dennis — created SaltWire Network Inc., which bought more than two dozen newspapers and web-related properties owned by Transcontinental Nova Scotia Media. Those publications include daily newspapers in Nova Scotia, P.E.I. and Newfoundland, including the Cape Breton Post in Sydney, N.S.; the Guardian in Charlottetown; and the Telegram in St. John's, N.L.NVIDIA has discovered 'design flaws' in its upcoming series of AI chips that may push their release back at least three months, The Information reports. The company has reportedly started notifying customers of the delay, including Microsoft.Rhys McClenaghan wins Ireland’s first gymnastics gold on pommel horseStephen Nedoroscik became just the second American man in four decades to medal in this event at the Summer Games.A Florida sheriff's deputy was killed and two other deputies were wounded while attempting to reach the first officer in what police called an ambush shooting inside a home.PARIS — Zheng Qwinen claimed China’s first tennis singles gold medal in Olympic history by defeating Donna Vekic of Croatia 6-2, 6-3 in the 2024 Paris Games women’s final Saturday.Germany’s love affair with a series of Wild West-themed novels has been dragged into an election culture war after a CDU candidate used them as inspiration for campaign posters.Snag a quality Sgin laptop for over $650 off, a TCL 4K smart TV for under $200 and the fan-favorite Ninja Creami for just $169.Schauffele and Rahm share lead in a star-heavy chase for Olympic gold in golf SAINT-QUENTIN-EN-YVELINES, France — Xander Schauffele erased a two-shot deficit with a 25-foot eagle putt and Jon Rahm answered with a big putt of his own Saturday, leaving them tied for the lead and setting up a star-heavy chase for the Olympic gold medal in men's golf. Rahm went from a two-shot lead to trailing in a matter of minutes; he had a three-putt bogey on the 15th as Schauffele was making eagle in the group behind. Schauffele, who won the PGA Championship and British Open over the last three months, got off to a slow start before posting a 32 on the back nine for a 68.A trail camera in Canada’s Yukon Territory has captured a what appears to have been a playful moment between two black bears on a remote forest trail. The footage, shared recently by Yukon Wildlife Cams, involves fairly large black bears, one of them cinnamon-colored. The…Horror at deaths of 12 children unites Druze across borders. But Mideast's wars tear at their bonds FARDIS, Lebanon — Alma Ayman Fakhr al-Din, a lively 11-year-old who loved basketball and learning languages, was playing on a soccer field a week ago in Majdal Shams, a Druze town in the Israeli-occupied Golan Heights, when the rocket hit.Girona are set to complete the signing of FC Barcelona midfielder Oriol Romeu imminently, with the Spaniard heading back to his former club potentially on a loan deal.The veteran star is already back ...BBC charity removes promo video featuring Southport murder accusedThough still unlikely to be tried before the 2024 election, Trump's DC criminal case now has an Aug. 16 hearing to set a new court schedule. 5 things from 2024 Olympics men's golf including Jon Rahm's return and Nicolai Hojgaard tying his brother's course record Thanks to a leaderboard stacked with star power, Sunday at the 2024 Olympic men's golf competition in Paris is going to beReal Betis have secured a crucial new addition with a free transfer swoop for Ricardo Rodriguez.Los Verdiblancos have been busy in the summer market as they aim to bolster for the upcoming campaign.De... Olympics 2024 LIVE! Imane Khelif seals medal; Simone Biles wins gold; Max Whitlock misses out; Team GB latest
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Postmedia plans to buy Atlantic Canada's insolvent SaltWire newspaper chainHALIFAX — Postmedia Network Inc. announced today plans to buy certain businesses belonging to SaltWire Network Inc. and The Halifax Herald Ltd., the two...
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Postmedia plans to buy Atlantic Canada’s insolvent SaltWire newspaper chainThe Toronto-based company said the potential acquisition is aligned with its commitment to preserving local journalism
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