TORONTO - 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, ...
11-27-2017, 07:53 PM
Postmedia to close 20 community newspapers
TORONTO - 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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