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.
HALIFAX — A monitor’s report says Postmedia Network Inc. has offered $1 million to purchase Atlantic Canada’s largest newspaper chain.
In March, the two insolvent media companies were granted court-ordered protection from creditors who were owed more than $90 million. The senior secured lender, Fiera Capital, has said SaltWire and The Herald together owe it $32.7 million. Toronto-based Postmedia owns the National Post, Vancouver Sun, Calgary Herald and dozens of other publications.
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