The Toronto Star building is shown in Toronto, Wednesday, June 8, 2016. THE CANADIAN PRESS/Eduardo Lima January 07, 2021 - 3:43 PM
Canada s competition watchdog said it will not take further action on conspiracy allegations surrounding a deal between Postmedia and Torstar.
The Competition Bureau announced Thursday that it has closed its investigation into Postmedia Inc. and Torstar Corp. s deal to swap 41 newspapers.
The deal, quickly followed by the closure of 36 of the papers, raised concerns it violated the Competition Act.
The regulator has been reviewing evidence since November 2017, including sending officers to search Toronto offices of Postmedia, Torstar and its Metroland Media Group subsidiary and examine six current or former Torstar workers under oath.