Memo-Postmedia Strikes 316m Deal to Buy Sun Media English Papers

Source: jpress.journalism.ryerson.ca

 

Associate Editor Tamara Baluja has obtained memos sent by Postmedia Network and Sun Media to their respective employees.

CEO Paul Godfrey notes that Postmedia Network has agreed to buy 175 English language publications from Sun Media. 

Today we announced perhaps the biggest news in the Canadian news media industry since the day Postmedia was formed. Our company has entered into an agreement with Quebecor Inc. to purchase all of Sun Media’s English language publications and associated digital properties. That’s 175 daily newspapers, community weeklies, trade publications, magazines and related digital properties from 5 provinces across Canada.

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