Two of Canada’s largest news publishers, Postmedia Network Canada Corp. and Nordstar Capital LP, have dropped discussions about a potential merger deal less than two weeks after announcing talks on the subject.
Postmedia, which owns papers such as the National Post, Calgary Herald, and Vancouver Sun, initially announced on June 27 that it had entered into a series of non-binding discussions to consider a “potential merger transaction” whereby both itself and Nordstar, which owns Metroland Media Group and the Toronto Star, would come under joint ownership.
