Postmedia has initiated the process of acquiring the viable segments of the insolvent SaltWire Network, Atlantic Canada's largest newspaper chain. Under court protection since March due to insolvency, SaltWire publishes several newspapers, including the Halifax Chronicle Herald and St. John’s Telegram.
Earlier this month, a Nova Scotia Supreme Court judge approved Postmedia's $1 million offer for select SaltWire assets, though the fate of much of the network remains unclear. The St. John’s Telegram announced it will cease daily print editions on August 24, transitioning to a weekly format. Postmedia has begun contacting SaltWire employees for retention, with confidentiality requested.
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