Printing Industry News for Canada | RSS |
13 March 2024
SaltWire Files For Creditor Protection
HALIFAX—
SaltWire Network Inc. filed for creditor protection. In addition, a private equity fund has alleged the company owes it roughly $33 million after years of mismanagement out of its $94 million total debt load. SaltWire Network is Atlantic Canada’s largest publishing company with 27 media titles in all four provinces including The Chronicle Herald, Cape Breton Post, The Telegram, The Guardian and the Journal Pioneer.
The loss of local news In Atlantic Canada is on the heels of Metroland newspaper closings and Bell Media layoffs. Saltwire Network was created in 2017 when the Halifax Herald purchased more than two dozen Atlantic Canadian papers owned by Transcontinental and is also in a multi-million-dollar lawsuit with Transcontinental. SaltWire sold Bounty Print of Nova Scotia to New Brunswick’s Taylor Printing in 2020.
Post a Comment
Comments:
NEW ON THE JOB BOARD | RSS
CLICK HERE to post your job opening
LATEST USED EQUIPMENT | RSS
CLICK HERE to list your equipment
Total Used Equipment Listings: 18
CLASSIFIED | RSS
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Rick says: | |
Most Read Stories