Postmedia has entered an agreement to purchase SaltWire, Atlantic Canada’s largest newspaper chain, according to a news release issued Friday.

SaltWire has been under creditor protection since March. It publishes more than 20 papers in Atlantic Canada, including The Chronicle Herald in Halifax, The Guardian in Charlottetown, and The Telegram in St. John’s, along with associated websites.

In the release, the Canadian news media company said the potential acquisition aligns with Postmedia’s commitment to preserving local journalism and supporting communities.

“If the transaction can be completed, Postmedia intends to provide the necessary back office resources and operational infrastructure to ensure there continues to be reliable and high-quality local news provided to the affected communities,” said Postmedia president and CEO Andrew MacLeod.

  • BZ 🇨🇦@lemm.ee
    16·
    1 month ago

    There’s something unsettling about PostMedia eating up all of these locals. They’ve shown that they’re interested in being Fox News for Canada; playing fast and loose with facts, and stoking fear and anger.

    • girlfreddyOP
      13·
      1 month ago

      And the feds/provinces aren’t doing shit to stop it.

      • Glide
        11·
        1 month ago

        The Conservatives are literally running on making sure Postmedia doesn’t have any competition. And they look like they’re going to win.

  • xmunk@sh.itjust.works
    6·
    1 month ago

    Yet more foreign ownership of Canadian media outlets.

    We need to fucking kill this and I think it’s quite reasonable to tell smôl PP to STFU and actually increase our federal funding of domestic media.

    It is a public service to have media that isn’t beholden entirely to advertisers and I’d be happy to pay more taxes to support it.