Year of reckoning looms for Canada's newspapers - 2018-01-01

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F0.png Year of reckoning looms for Canada's newspapers January 1, 2018, Marc Edge, The Conversation

In the November deal, Postmedia Network and the Torstar Corp. divided up large swaths of the southern Ontario community newspaper market between themselves and dared the Competition Bureau to do something about it.

Postmedia, 98 per cent owned by U.S. hedge funds despite supposed limits on foreign ownership of Canadian newspapers, pointed out the deal was "not subject to the merger notification provisions of the Competition Act and no regulatory clearance is required to close the transaction."

That is technically correct given the dollar value of the deal (although no money actually changed hands), but it doesn't mean the Competition Bureau can't review matters after the fact, which it promised to do when pressed by reporters.

Wikipedia cite:
{{cite news | first = Marc | last = Edge | title = Year of reckoning looms for Canada's newspapers | url = https://theconversation.com/year-of-reckoning-looms-for-canadas-newspapers-89066 | work = The Conversation | date = January 1, 2018 | accessdate = August 28, 2019 }}