News Formal

Black Press closes sale of company; emerges from creditor protection

  • 📰 timescolonist
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

SURREY, B.C. — Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company. The Surrey, B.C.

SURREY, B.C. — Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company.

The Surrey, B.C.-based publisher announced in January it had entered creditor protection under the Companies' Creditors Arrangement Act. On Monday it said it has closed its previously announced sale of the company to Canadian institutional investors Canso Investment Counsel Ltd. and Deans Knight Capital Management Ltd. as well as Carpenter Media Group.

Black Press says it is now on solid and sustainable financial footing and will be able to continue to publish impactful local journalism and advertising. Black Press publishes 150 daily and weekly newspapers, magazines and websites across Canada and the U.S. and employs approximately 1,200 people.This report by The Canadian Press was first published March 25, 2024.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 15. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Black Press closes sale of company; emerges from creditor protectionSURREY, B.C. — Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Black Press closes sale of company; emerges from creditor protectionBlack Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Black Press closes sale of company; emerges from creditor protectionSURREY, B.C. — Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company. The Surrey, B.C.
La source: SooToday - 🏆 8. / 85 Lire la suite »