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.
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.