Postmedia Network, Toronto Star parent end merger deal as talks fall apart

The following excerpt was sent out from cbc.ca:

Talks to combine two of the biggest newspaper publishers in Canada have fallen apart.

Postmedia Network Canada Corp. and Nordstar Capital LP — the majority owner of The Toronto Star and dozens of other smaller newspapers under the Metroland banner — announced late last month that they had entered non-binding discussions about possibly merging.

The framework of the proposed merger would have seen Postmedia transfer its dozens of newspaper titles over to Metroland, with voting control of the new entity split 50-50 between the two sides.

But on Monday, the two sides announced that those talks have broken down, that they have been unable to come to an agreement, and that the “added backdrop of regulatory and financial uncertainty led them to make the decision to end their negotiations.”

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