Tuesday, July 13, 2010
Canwest Media Sold
Postmedia Network Canada Corp has announced that they have completed the purchase of the Canwest publications, in a $1 billion deal. This makes Postmedia Network the largest publisher of English paid daily newspapers in Canada. This will include publications such as the Ottawa Citizen, Montreal Gazette and Vancouver Sun.
Postmedia Network has indicated that it is taking a 'digital-first' approach to publishing, per Editor & Publisher.
This concludes the bankrupcty proceedings for Canwest, which began in 2009.