News Formal

Black Press closes sale of company; emerges from creditor protection

  • 📰 timescolonist
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

SURREY, B.C. — Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company. The Surrey, B.C.

SURREY, B.C. — Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company.

The Surrey, B.C.-based publisher announced in January it had entered creditor protection under the Companies' Creditors Arrangement Act. On Monday it said it has closed its previously announced sale of the company to Canadian institutional investors Canso Investment Counsel Ltd. and Deans Knight Capital Management Ltd. as well as Carpenter Media Group.

Black Press says it is now on solid and sustainable financial footing and will be able to continue to publish impactful local journalism and advertising. Black Press publishes 150 daily and weekly newspapers, magazines and websites across Canada and the U.S. and employs approximately 1,200 people.This report by The Canadian Press was first published March 25, 2024.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 15. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Black Press closes sale of company; emerges from creditor protectionSURREY, B.C. — Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Black Press closes sale of company; emerges from creditor protectionBlack Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Black Press closes sale of company; emerges from creditor protectionSURREY, B.C. — Black Press Ltd., the owner of dozens of community newspapers across Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company. The Surrey, B.C.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »