Postmedia Network Canada Corp. said Tuesday that it's in talks to merge with Nordstar Capital LP, the owner of Metroland Media Group and the Toronto Star.
"We saw the merger between the old Postmedia Southam newspapers and the Sun chain and it certainly didn't add anything to local coverage. It just resulted in more lost jobs, more amalgamation and less news and that's kind of how I see this going again," said Brad Clark, a journalism professor at Calgary's Mount Royal University.
"I don't think anyone is optimistic enough to see that there's a great future here," noted Toronto Sun sports columnist Steve Simmons, who has spent 36 years with the company.Simmons said it's overwhelming to constantly be grappling with questions about the company's future.
"What it may be doing is delaying the inevitable," he said, adding, "it may be blocking entrepreneurs or with new ideas and new approaches to coming into the marketplaces."
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Postmedia’s merger talks with Toronto Star owner a ‘Hail Mary pass’: expertPrime Minister Justin Trudeau weighed in Wednesday, calling the negotiations a “significant step” and noting the Competition Bureau would likely examine any proposed deal cdnpoli cdnmedia
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