Talks underway with potential buyer for Atlantic Canada's largest newspaper chain
BNN Bloomberg
The court-appointed monitor overseeing the potential sale of Atlantic Canada's largest newspaper chain has confirmed selection of a bidder that has plans to operate SaltWire Network Inc. and The Halifax Herald Ltd. as viable businesses.
Toronto-based KSV Restructuring Inc., in a report dated June 19, says talks with the unnamed bidder are advancing towards a transaction that could be completed by Aug. 9.
The Halifax Herald Ltd. owns The Chronicle Herald, the independent Halifax-based daily newspaper that was founded almost 200 years ago.
SaltWire Network Inc. owns other newspapers in Nova Scotia, P.E.I. and Newfoundland, including the Cape Breton Post in Sydney, N.S., the Guardian in Charlottetown and the Telegram in St. John's, N.L., as well as weekly papers and several digital publications.
