Progress reported on bid to sell insolvent media companies SaltWire and The Herald

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Saltwire Network News

John Keith,Troubled Companies,The Halifax Herald

HALIFAX — A Nova Scotia judge received good news today during an update on the proposed sale of the SaltWire Network and The Halifax Herald, two financially ...

HALIFAX — A Nova Scotia judge received good news today during an update on the proposed sale of the SaltWire Network and The Halifax Herald, two financially troubled companies that operate Atlantic Canada's largest newspaper chain.

A lawyer representing the monitor overseeing the restructuring told the judge that "everything has unfolded the way it was supposed to."Last week, a report from the monitor — Toronto-based KSV Restructuring — confirmed that several bidders have submitted non-binding offers to buy all or part of the two companies.

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Bidders express interest in buying all or part of SaltWire newspaper businessHALIFAX — A Toronto-based restructuring firm says several bidders have offered to buy all or part of SaltWire Network and The Halifax Herald, the two...
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