Postmedia has struck a $316 million deal to buy 175 of Quebecor’s English-language newspapers, specialty publications and digital properties, including the Sun chain of papers, according to a report in the Globe and Mail this morning.
If it passes regulatory hurdles, the deal will mark a step further down the path of media concentration in Canada.
What does this mean for Canadians in practical terms?
In Calgary, for instance, the Calgary Sun would be owned by the same company as the Calgary Herald. In Toronto, the Toronto Sun and 24 Hours would be owned by the same company as the National Post. In (Read more…)