HALIFAX — A Nova Scotia judge approved a process Monday aimed at finding buyers or investors willing to bid on SaltWire Network Inc. and The Halifax Herald Ltd., the two companies that operate Atlantic Canada's largest newspaper enterprise.
The outcome could include a restructuring or recapitalization of the companies aimed at ensuring they continue as viable businesses, as outlined under the Companies' Creditors Arrangement Act."Public interest is obviously a consideration given the important nature of these businesses, but this SISP offers the opportunity for the renewal of these media companies and ... the public service they provide," Keith told the court when he approved the process.
The media companies employ about 800 independent contractors and 390 employees, which includes about 108 unionized positions. On another front, former SaltWire president and CEO Mark Lever has said he plans to submit a bid, though it remains unclear what he might bid for. Court documents show SaltWire and its related companies are owned by Lever and his wife Sarah Dennis through separate family trusts that each have a 50-per-cent stake in the businesses.
WASHINGTON — Hackers linked to the Chinese government launched a sweeping, state-backed operation that targeted U.S. officials, journalists, corporations, pro-democracy activists and the U.K.'s election watchdog, American and British authorities said Monday in announcing a set of criminal charges and sanctions.
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