Evening Update: Postmedia and Toronto Star parent company end merger talks

ended negotiations to mergePostmedia and Toronto Star parent company Nordstar Capital announced on June 27 they were in non-binding discussions to merge and create a new entity to respond to the the “existential threat” facing journalism and to better compete with digital giants such as Google and Facebook.

Ottawa has begun drafting regulations on Bill C-18 to provide clarity on how many deals Google and Facebook would have to make with local news businesses. The regulations aim to address Google’s concerns about the legislation in a bid to stop the tech giant from blocking Canadian news in the country.

Woodhead, who helped the telecom giant secure approval for its takeover of Shaw, is seeking damages, claiming he has been denied his bonus. Singh alleges the company promised her certain compensation in exchange for postponing her retirement, then dismissed her shortly before she would have been entitled to receive that compensation. None of the allegations have been proven in court.

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