Postmedia to close 20 community newspapers
 

http://static-global-s-msn-com.akama...6&q=60&o=f&l=fTORONTO - Postmedia Network Inc. plans to shutter 20 community newspapers as part of a deal with Torstar Corp., a move that will result in the loss of 244 jobs. The agreement will see to the two companies swap a number of community and daily newsapers. The companies say the transaction is effectively a non-cash deal, as the consideration for the publications being purchased is roughly equal to that of the publications being sold. Under the agreement, ...

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