National

Postmedia selling the Winnipeg Sun, the Graphic Leader, and Kenora Miner & News

Darpan News Desk The Canadian Press, 27 May, 2024 01:54 PM

Postmedia Network Canada Corp. says it has signed a deal to sell the Winnipeg Sun, the Graphic Leader, and Kenora Miner & News newspapers to the Klein Group Ltd.

Included in the transaction is Postmedia’s Winnipeg commercial print division, all associated digital properties, contracts and other related parts of the businesses.

Financial terms of the agreement were not immediately available.

Postmedia says employees at each of the newspapers are expected to continue in their current roles, with no job losses anticipated. It says non-unionized employees will be offered their same job with the Klein Group, while unionized employees will retain their current terms.

Klein Group is headed by former Winnipeg Sun publisher Kevin Klein. Klein is also a former Winnipeg city councillor and Manitoba cabinet minister.

The deal is scheduled to close on or about June 1, subject to conditions.

Prev Next

MORE National ARTICLES

Canada's spy agency saw low-level Chinese meddling activities in 2019 election: Gould

The former minister of democratic institutions says she was told after the October 2019 federal election that Canada's spy agency had seen low-level foreign interference activities by China. Karina Gould, who held the portfolio from early 2017 to November 2019, said in a classified interview last month that the Canadian Security Intelligence Service indicated the activities were similar to what had been seen in the past.

Canada's spy agency saw low-level Chinese meddling activities in 2019 election: Gould

BoC holds key rate at 5%

Governor Tiff Macklem says economic data since January has improved the central bank’s confidence that inflation will continue to slow, even as economic growth picks up. The governor says while the Bank of Canada is seeing the evidence it needs to begin lowering interest rates, it needs to see price pressures ease for longer to make sure the decline in inflation is sustained.

BoC holds key rate at 5%

B.C. announces one-time $430 rent relief benefit to low-income seniors

The British Columbia government is granting a one-time $430 benefit to the roughly 20,000 seniors in its support program for elderly low-income renters. B.C. Housing Minister Ravi Kahlon says eligible seniors don't need to apply for the payment, which will be sent out this month.

B.C. announces one-time $430 rent relief benefit to low-income seniors

Two blows to B.C.'s credit status, as S&P cuts rating and Moody's turns negative

British Columbia's credit status took a double blow on Tuesday, with S&P downgrading the province due to the risk of "outsize" deficits, and Moody's turning its outlook negative. S&P Global Ratings blamed big government spending as it dropped its credit rating for the province and BC Hydro's provincially guaranteed unsecured debt from AA status to AA-minus.

Two blows to B.C.'s credit status, as S&P cuts rating and Moody's turns negative

B.C. makes it easier to salvage timber damaged by wildfires

The B.C. government says it's making it easier for forestry companies to salvage timber damaged by wildfires. Sustainable Forestry Innovation Minister Andrew Mercier says in a statement that changes to the price of fees for harvesting timber on Crown land make salvage "more economic," and will speed up forest regeneration.

B.C. makes it easier to salvage timber damaged by wildfires

B.C. moves alone on Surrey Police Service after mayor, council refuse to leave RCMP

British Columbia is moving ahead with the transition to an independent police service in Surrey after the mayor and council refused to part ways with the RCMP. Solicitor General Mike Farnworth says a plan is in place for the continued transition to the independent Surrey Police Service, and he'll release more details next week on how that will work.