Postmedia, Toronto Star owner Nordstar end their merger discussions | National Newswatch

TORONTO — Canadian 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.

"These are challenging times for media companies, but we intend to keep working hard to give Canadians the news they need to stay informed, which is essential to our communities and to the functioning of our democracy," said Nordstar owner and Toronto Star publisher Jordan Bitove in a press release. 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.

But experts sounded the alarm over what such a deal could do for local news coverage and for competition in journalism. Many compared it to a deal in 2017 that saw Torstar and Postmedia swap 41 community and daily newspapers, 36 of which were subsequently closed.Postmedia laid off 11 per cent of its editorial staff earlier this year in the latest sign of struggle for the national company, which owns publications across the country including the National Post, Vancouver Sun and Calgary Herald.

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 »

Postmedia, 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: CTVToronto - 🏆 9. / 84 Read more »

Postmedia, Toronto Star owner Nordstar end their merger discussionsPostmedia Network Canada and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger.
Source: CHEK_News - 🏆 59. / 55 Read more »

Postmedia, Toronto Star owner Nordstar end their merger discussionsTORONTO — Canadian 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. 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. 'These are challenging times for media companies, but we intend to keep working hard to
Source: YahooFinanceCA - 🏆 47. / 63 Read more »