Postmedia Receives Court Approval for Potential Acquisition of Saltwire

TORONTO, August 9, 2024 - Postmedia Network Inc., a wholly owned subsidiary of Postmedia Network Canada Corp. has announced that the Nova Scotia Supreme Court has approved the company's potential acquisition of Saltwire and The Halifax Chronicle Herald.

The potential acquisition is subject to various conditions, including satisfactory outcomes with unions and other stakeholders and the completion of customary closing conditions.

Postmedia is a leading provider of news, information, and entertainment in Canada, with properties including the National Post, the Toronto Sun, and the Vancouver Sun.

Saltwire is a leading provider of news, information, and entertainment in Atlantic Canada, with properties including the Halifax Chronicle Herald, the Telegram, and the Cape Breton Post.

The acquisition of Saltwire would expand Postmedia's reach in Atlantic Canada and strengthen its position as a leading provider of news and information in Canada.