A Nova Scotia judge is expected to decide Thursday whether to approve Postmedia's $1-million bid to acquire Atlantic Canada's largest newspaper chain.
Experts are voicing concerns about Postmedia's pending purchase of Atlantic Canada 's largest newspaper chain, saying it's almost certain to result in job cuts and a reduction in local content. This comes after Postmedia announced plans to buy a number of businesses belonging to SaltWire Network and The Halifax Herald.
Postmedia has said the deal will fail unless the companies wind up their pension plans, and it is demanding that unionized editorial staff in Halifax and Cape Breton agree to change their collective agreements in ways that are “satisfactory” to Postmedia. As well, Postmedia wants unionized staff running the Halifax Chronicle Herald’s presses to give up their successor rights under the Nova Scotia Trade Union Act, which means those positions would no longer be unionized once the deal closes.Search suspended for missing family of 4 after boat sinks off Alaska coastLiam McHugh-Russell, a law professor at Dalhousie University in Halifax, says those demands may sound like ultimatums, but they actually represent a starting point for negotiations.
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