Postmedia, Toronto Star owner Nordstar end merger talks

Both companies issued press releases disclosing the change, with Torstar Corp., noting that the added backdrop of regulatory and financial uncertainty contributed to the talks ending.

The two companies announced in late June that they were in talks to merge in a deal that would have seen Postmedia and Metroland Media Group combine forces while the Toronto Star would be managed by a new company. They had said the proposed deal would help them scale up in order to respond to the ``existential threat'' facing the media industry.

But experts sounded the alarm over what such a deal could do for local news coverage and for competition in journalism.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Postmedia, Toronto Star owner Nordstar end merger talksThe two media companies said they were unable to come to an agreement
Source: globeandmail - 🏆 5. / 92 Read more »

Postmedia and Toronto Star owner Nordstar end merger talksCanadian media companies Postmedia Network Canada Corp. and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger, saying they were unable to come to an agreement.
Source: CP24 - 🏆 30. / 67 Read more »

NordStar, Postmedia terminate merger discussionsTalks called off after parties unable to agree on merger terms and because of the regulatory and financial uncertainty around the deal.
Source: TorontoStar - 🏆 60. / 55 Read more »