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Toronto-based Postmedia has announced it will purchase all of the daily and weekly newspapers owned by New Brunswick's Irving family. Postmedia says in a news release it has reached an agreement to buy all outstanding shares of Brunswick News Inc.
The deal includes a fleet of daily and weekly newspapers, digital properties and a parcel delivery service in the eastern province
The door could open up for greater media competition in New Brunswick as Toronto-based Postmedia gears up to purchase all of the daily and weekly newspapers owned by the Irving family for more than $16 million in cash and shares.
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