Quebecor is selling its English-language Sun Media publications to Postmedia.
Several Peace Country dailies and weeklies are affected by the sale, including Grande Prairie’s Daily Herald Tribune, the Peace River Record-Gazette, the Fairview Post, and Whitecourt Star.
It’s a $316 million deal, subject to approval by the Competition Bureau.
Quebecor President and CEO Pierre Dion argues that newspaper revenues are declining, and the business needs consolidation to stay afloat.
- Advertisement -
Postmedia CEO Paul Godfrey says there are no plans to close anything and in major markets, Sun and Postmedia papers will exist side-by-side.