Wow. 393 employees and $90 million in debt and sale at $1 million. If that doesn't tell you what's wrong nothing will. Wonder what assets and debt flows to Postmedia in the deal.
You may be thinking of the Toronto Sun, which is owned by Postmedia. The Star & Postmedia were reportedly starting to talk merger-ish things last year or '22, but those ground to a halt ....
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.
Wow. 393 employees and $90 million in debt and sale at $1 million. If that doesn't tell you what's wrong nothing will. Wonder what assets and debt flows to Postmedia in the deal.
And what's the quickest way for a company to cut costs? I'm looking at you, 393 folks .... Meanwhile, prepare for more news out of Toronto, East Coasters.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.