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Atlantic newspaper chain SaltWire Network has filed for bankruptcy protection from its creditors. The move comes after a private equity fund initiated insolvency proceedings against the media company, claiming it owes tens of millions of dollars ...
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HALIFAX - The recent decision by SaltWire Network Inc., Atlantic Canada's largest newspaper company, to seek protection from its creditors is another sign of the decline of the business and the growing threat to local journalism, experts said Tuesday.
On Monday, a private equity firm that has lent money to SaltWire filed documents to initiate insolvency proceedings against the Halifax-based company.