Postmedia’s merger talks with Toronto Star owner a ‘Hail Mary pass’: expert

Prime Minister Justin Trudeau weighed in Wednesday, calling the negotiations a “significant step” and noting the Competition Bureau would likely examine any proposed deal.Copies of the Postmedia-owned newspaper National Post are displayed at a hotel in Burnaby, B.C., on Tuesday, January 19, 2016.THE CANADIAN PRESS/Darryl Dyck

A potential merger between Canada’s two largest newspaper chains could mark the next step in the decimation of Canadian news that has seen dwindling jobs and widening coverage gaps, say those who study the industry. Postmedia Network Canada Corp. said Tuesday that it’s in talks to merge with Nordstar Capital LP, the owner of Metroland Media Group and the Toronto Star.

The two publishers said the proposed deal is a bid to create greater scale so they can respond to the “existential threat” facing the media industry.

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Justin Trudeau says competition watchdog would look at proposed merger of Toronto Star and PostmediaThe prime minister believes there are big questions that engage the public interest at stake.
Fuente: TorontoStar - 🏆 60. / 55 Leer más »