Yesterday Postmedia Network Inc. announced it’s buying rival Sun Media for $316 million. With this, Postmedia will be acquiring 175 newspapers and the English portions of six digital properties, including the Canoe network. By the Toronto Star‘s calculation, Postmedia is at least $488 million in debt and lost $160 million last year. And according to Quebecor Inc. CEO Pierre Don, the deal “comes at a time when the Canadian newspaper business absolutely needs consolidation to remain viable and to compete with digital media.” In short, Postmedia may have just saved itself and the Canadian newspaper industry from annihilation in one swoop!

As with any buyout, there’s many large numbers being thrown around. A couple million here, some newspapers there—here’s a simple look at Postmedia’s acquisitions if the deal passes the necessary regulatory approvals, including review from Canada’s Competition Bureau:

 

Postmedia Acquisitions
If approved, the deal sees 120 more newspapers in Ontario falling under the Postmedia umbrella, 18 in Manitoba, three in Saskatchewan and one in B.C. Below are a few noteworthy points of the purchase:

 

postmedia stats
You can see each newspaper that will now fall under Postmedia here.

 

 

Got something you want to see covered on here? Email the blog editor. And while you’re at it, you can follow our the Review and our masthead on Twitter to keep up to date with the ever-changing Canadian journalism landscape.

(Visited 89 times, 1 visits today)

About the author

Cormac was the blog editor for the 2014-15 issue of the Review. As a fourth year undergraduate at the School of Journalism, he had a keen interest in sports and business writing. He also hosted the Krates Collective hip hop podcast.

1 comment
  1. Te mother talked to the woman many times on the phone, and his father texted biblical passages to the woman and discussed them with her, Couric said.. Basically, I took a left turn when I shouldn have, and no longer have a passenger side door. The insurance agent sounds like they just want to help you.No, I can never do things the same as my mother, although she has given me direction and the right ingredients to be a successful mother.. I don’t think the issue is the acting but, rather, it eminates from Japan.. The letter, which will be disclosed at a news conference Wednesday, was also signed by Sens.
    cheap toms shoes,cheap toms,cheap toms shoe,discount toms shoes,discount toms,toms shoes,buy toms,toms shoes for sale,cheap toms shoes for sale,toms shoes outlet,toms shoes for sale,toms shoes,toms shoes outlet,toms shoes for sale,toms shoes cheap,toms shoes online,toms shoes for sale,cheap toms shoes for sale,toms shoes for cheap,pre order toms shoes,pre order cheap toms shoes,cheap toms shoes,buy cheap toms shoes,authentic toms shoes,authentic cheap toms shoes,buy toms shoes,buy cheap toms shoes,order toms shoes,order cheap toms shoes,toms shoes online,buy toms shoes online,toms shoes 2015,cheap toms shoes 2015 http://www.koettersmith.com/forms/tomsshoesoutlet/index.html

Comments are closed.

Sign Up for Our Newsletter

Keep up to date with the latest stories from our newsroom.