The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges.
Postmedia may be trying to pull another fast one in an attempt to stay afloat, but if Ottawa is smart it will put its foot down. The only problem is that our federal politicians have proved repeatedly that they are no match for the soulless US hedge funds and private equity players that now own most of Canada’s newspaper industry.
With declining revenues and a large debt burden, the proposed merger does little to address the financial challenges the company will face, say industry experts
NordStar, Postmedia would have 50% voting stake in a new company that would control most of the combined assets of both. Toronto Star would be spun into second company controlled by NordStar.
NordStar, Postmedia would have 50% voting stake in a new company that would control most of the combined assets of both. Toronto Star would be spun into second company controlled by NordStar.