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

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Also: Turkey agrees to support Sweden’s NATO bid and Ottawa drafting regulations to address Google’s concerns over Bill C-18

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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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.
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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.
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Merger talks between Postmedia and Toronto Star owner fall apart | CBC NewsTalks to combine two of the biggest newspaper publishers in Canada have fallen apart.
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Postmedia and owners of Toronto Star end merger talks with no deal\u0027There was good will and good intent from both groups, but it is just too challenging and too uncertain an environment right now\u0027
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