Some of the bought & paid for media

[FJAG]

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.

 

[The Bread Guy]

One can argue that the Toronto Star (owned by Postmedia, traditionally right-leaning) ...

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 ....

NordStar, Postmedia terminate merger discussions without signing a deal

Talks called off due to regulatory and financial uncertainty around the deal and because the parties were unable to agree on terms.

www.thestar.com

Postmedia and Toronto Star owner Nordstar end merger talks

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.

www.cp24.com

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.