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NordStar, Postmedia would have 50% voting stake in a new company that would control most of the combined assets of both. Toronto Star would be spun into second company controlled by NordStar.
The two media giants have entered into non-binding discussions on options for combining operational assets, according to company officials
Postmedia Network Canada Corp. says it is in talks to merge with Nordstar Capital LP, the owner of Metroland Media Group and the Toronto Star.
By Paul Ziobro Postmedia Network Canada said it was discussing a merger with Nordstar Capital LP that would bring various Canadian news properties, from the...
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Postmedia, Nordstar confirm merger talks, Toronto Star would remain editorially independent