Both companies issued press releases disclosing the change, with Torstar Corp. noting that the added backdrop of regulatory and financial uncertainty contributed to the talks ending.
They had said the proposed deal would help them scale up in order to respond to the "existential threat" facing the media industry. The deal would have also seen Postmedia convert some of its outstanding debt to equity. The company in its last full fiscal year paid $31 million in interest expenses while carrying about $275 million in debt.
Adding Amazon into the equation means the three US digital conglomerates accounted for close to 90 per cent of the online advertising market, the project also found.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Postmedia, Toronto Star owner Nordstar end merger talksThe two media companies said they were unable to come to an agreement
Source: globeandmail - 🏆 5. / 92 Read more »
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.
Source: CP24 - 🏆 30. / 67 Read more »
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.
Source: CTVToronto - 🏆 9. / 84 Read more »
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.
Source: CHEK_News - 🏆 59. / 55 Read more »
Postmedia, Toronto Star owner Nordstar end their merger discussionsTORONTO — 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. Both companies issued press releases disclosing the change, with Torstar Corp. noting that the added backdrop of regulatory and financial uncertainty contributed to the talks ending. 'These are challenging times for media companies, but we intend to keep working hard to
Source: YahooFinanceCA - 🏆 47. / 63 Read more »