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SaltWire s money woes a sign of bigger problems in the newspaper business: experts | iNFOnews

HALIFAX - The recent decision by SaltWire Network Inc., Atlantic Canada's largest newspaper company, to seek protection from its creditors is another sign of the decline of the business and the growing threat to local journalism, experts said Tuesday.

Cape bretonNova scotiaNew south walesUnited statesDarren calabreseFacebook metaSusan newhookApril lindgrenIan scottWilly palovMichael macdonaldSarah smellieToronto metropolitan universityHalifax herald ltdHalifax typographical unionUniversity of king college in halifax

SaltWire s money woes a sign of bigger problems in the newspaper business: experts

On Monday, a private equity firm that has lent money to SaltWire filed documents to initiate insolvency proceedings against the Halifax-based company.

United statesCape bretonNova scotiaBritish columbiaNew south walesSusan newhookWilly palovApril lindgrenFacebook metaDarren calabreseIan scottCommunications workers of americaNews researchToronto metropolitan universityTranscontinental incHalifax herald ltd

SaltWire s financial woes a sign of bigger problems in the newspaper business: expert

SaltWire s financial woes a sign of bigger problems in the newspaper business: expert
halifax.citynews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from halifax.citynews.ca Daily Mail and Mail on Sunday newspapers.

April lindgrenFiera private debt fundNews researchToronto metropolitan universitySaltwire network incAtlantic canadaLocal news research projectCanadian press

SaltWire s financial woes a sign of bigger problems in the newspaper business: expert

In court documents, the Fiera Private Debt Fund said SaltWire and The Halifax Herald Ltd. together owe it $32.7 million, plus almost $600,000 of accrued and outstanding interest

April lindgrenToronto metropolitan universityNews researchSaltwire network incFiera private debt fundAtlantic canadaLocal news research projectCanadian press

SaltWire Network files for creditor protection, has $94M in debt

A company that owns nearly two dozen newspapers in Atlantic Canada has filed for creditor protection, according to court documents.

Ian scottFiera private debt fundNorton rose fulbright canadaSupreme courtSaltwire networkAtlantic canadaWire networkNova scotiaFiera private debt

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