TORONTO--(BUSINESS WIRE)--Today, the Competition Bureau executed a search warrant with respect to the November 27, 2017 community newspapers transaction between Postmedia Network Canada Corp. owner of Postmedia Network Inc. (“Postmedia” or the “Company”) and Metroland Media Group and Free Daily News Group Inc., both subsidiaries of Torstar Corporation, (collectively, “Torstar”).
Postmedia is strongly of the view that there has been no contravention of the Competition Act with respect to this matter and Postmedia is cooperating with the Competition Bureau in connection with their investigation.
About Postmedia Network Canada Corp.
Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B) is the holding company that owns Postmedia Network Inc., a Canadian newsmedia company representing more than 160 brands across multiple print, online, and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences. For more information, visit www.postmedia.com.