Black Press completes the previously announced sale of the company to Canso Investment Counsel, Deans Knight Capital Management and Carpenter Media Group, as part of the company’s restructuring under the Companies’ Creditors Arrangement Act (CCAA).
As a result of the restructuring and sale, the Company is able to continue its operations. Under the terms of the transaction, the company remains Canadian-controlled.
“With this transaction, Black Press is in a much stronger position to serve our valued Canadian and American readers, customers, employees, and communities over the long term,” said Glenn Rogers, chief executive officer of Black Press. “We thank our subscribers, advertisers and employees for their support throughout this process, and we look forward to continuing our mission of providing the best local coverage in all the markets where we operate.”
Print this page
