Postmedia, Toronto Star owner Nordstar end their merger discussions

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.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Postmedia, Toronto Star owner Nordstar end merger talksThe two media companies said they were unable to come to an agreement
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

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.
출처: CP24 - 🏆 30. / 67 더 많은 것을 읽으십시오 »

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.
출처: CTVToronto - 🏆 9. / 84 더 많은 것을 읽으십시오 »

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.
출처: CHEK_News - 🏆 59. / 55 더 많은 것을 읽으십시오 »

NordStar, Postmedia terminate merger discussionsTalks called off after parties unable to agree on merger terms and because of the regulatory and financial uncertainty around the deal.
출처: TorontoStar - 🏆 60. / 55 더 많은 것을 읽으십시오 »