{"id":49828,"date":"2024-07-26T14:47:27","date_gmt":"2024-07-26T14:47:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/26\/postmedia-plans-to-buy-saltwire-newspaper-chain\/"},"modified":"2024-07-26T14:47:27","modified_gmt":"2024-07-26T14:47:27","slug":"postmedia-plans-to-buy-saltwire-newspaper-chain","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/26\/postmedia-plans-to-buy-saltwire-newspaper-chain\/","title":{"rendered":"Postmedia plans to buy SaltWire newspaper chain"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p data-async=\"\">HALIFAX \u2014 Postmedia Network Inc. announced plans Friday to buy certain businesses belonging to SaltWire Network Inc. and The Halifax Herald Ltd., the two insolvent companies behind Atlantic Canada\u2019s largest newspaper chain.<\/p>\n<p>Postmedia said it wants to complete the acquisition by Aug. 26, but the company said the deal is subject to conditions, including \u201csatisfactory outcomes\u201d with unionized workers.<\/p>\n<\/div>\n<div id=\"\">\n<p>Article content<\/p>\n<p>The Toronto-based company said the potential acquisition is aligned with its commitment to preserving local journalism.<\/p>\n<p>No financial details were disclosed.<\/p>\n<p>The Halifax Herald owns the Chronicle Herald, an independent Halifax-based daily newspaper that was founded almost 200 years ago.<\/p>\n<section aria-labelledby=\"moreTopicLabel4515448783488418863896920798003200\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\">\n<p>Recommended from Editorial<\/p>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/><\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li data-evt-val=\"{\" control_fields=\"\" faces=\"\" insolvency=\"\" after=\"\" lender=\"\" files=\"\" claim=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">SaltWire faces insolvency after lender files claim<\/span><\/p>\n<\/li>\n<li data-evt-val=\"{\" control_fields=\"\" reports=\"\" narrower=\"\" loss=\"\" as=\"\" parcel=\"\" revenue=\"\" grows=\"\" data-carousel-item=\"\" data-evt=\"click\" data-evt-typ=\"click\"> <picture class=\"more-topic__item-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=75&resize=75&ssl=1 75w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=100&resize=100&ssl=1 100w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=150&resize=150&ssl=1 150w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=240&resize=240&ssl=1 240w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=320&resize=320&ssl=1 320w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=500&resize=500&ssl=1 500w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=640&resize=640&ssl=1 640w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=800&resize=800&ssl=1 800w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=1024&resize=1024&ssl=1 1024w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1&w=1600&resize=1600&ssl=1 1600w\" alt=\"Postmedia Network Canada Corp. owns newspapers across Canada.\" data-src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=80&sig=GQVQ73plL5llzcZ2PRbZFQ\" fifu-data-src=\"https:\/\/i3.wp.com\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=5&sig=OKuBvmbVGMO4Dsic3uvRpA&ssl=1\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=96&strip=all&quality=80&sig=GQVQ73plL5llzcZ2PRbZFQ, https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=192&strip=all&quality=80&sig=pIh9TyAQk4Gx67vlxE3R4g 2x,\n                                             https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/07\/postmedia-0712-ph.jpg?h=288&strip=all&quality=80&sig=qxw8hTuldsy4il9bw7yLMg 3x\" class=\"lazyload\" height=\"96\" loading=\"lazy\" width=\"96\"\/><\/picture>\n<p><span class=\"more-topic__item-text-clamp\">Postmedia reports narrower loss as parcel revenue grows<\/span><\/p>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/><\/section>\n<p>SaltWire Network owns other daily newspapers in Nova Scotia, Prince Edward Island and Newfoundland and Labrador, including the Cape Breton Post in Sydney, N.S., the Guardian in Charlottetown and the Telegram in St. John\u2019s, N.L., as well as weekly papers and several digital publications.<\/p>\n<p>Together, the companies employ about 800 independent contractors and 390 staff, including about 100 unionized positions, according to court documents.<\/p>\n<\/div>\n<div id=\"\">\n<p>Share this article in your social network<\/p>\n<\/div>\n\n<br \/>Postmedia plans to buy SaltWire newspaper chain<\/a><br \/>\n<br \/>2024-07-26 14:47:27<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article content HALIFAX \u2014 Postmedia Network Inc. announced plans Friday to buy certain businesses belonging to SaltWire Network Inc. and The Halifax Herald Ltd., the two insolvent companies behind Atlantic&#8230;<\/p>\n","protected":false},"author":2,"featured_media":49829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2024\/03\/15233836-the-canadian-press.jpg?h=96&strip=all&quality=5&sig=3Z4QVQU1fBhCTBVdBnuGow","fifu_image_alt":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-49828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=49828"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/49828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/49829"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=49828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=49828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=49828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}