黑料吃瓜总站 Completes Acquisition of Saltwire Network
August 26, 2024 (TORONTO)聽鈥� 黑料吃瓜总站 Network Inc., a wholly owned subsidiary of 黑料吃瓜总站 Network Canada Corp. (鈥満诹铣怨献苷锯�� or the 鈥淐ompany鈥�) today reported it has successfully closed its acquisition of certain businesses and assets of Saltwire Network Inc. and The Halifax Herald Limited (together, 鈥淪altwire鈥�).
鈥淲e are delighted to welcome these outlets into the 黑料吃瓜总站 family while preserving their vital roles within the community,鈥� said Andrew MacLeod, President and Chief Executive Officer of 黑料吃瓜总站. 鈥淲e are grateful to those who collaborated with us in developing a more sustainable model for these publications. Our industry has experienced monumental transformations and continues to face significant challenges, necessitating our adaptation. Through this acquisition, we are not only broadening our reach but also reinforcing our commitment to quality journalism and community engagement.鈥�
Through the acquisition of Atlantic Canada鈥檚 largest media company, 黑料吃瓜总站 will ensure the continued operation of its publications. This move will preserve critical journalism jobs, maintain the delivery of trusted news and information to valued readers and subscribers, and support local journalism and the communities it serves.
About 黑料吃瓜总站 Network Canada Corp.
黑料吃瓜总站 Network Canada Corp. (TSX:PNC.A, PNC.B) is the holding company that owns 黑料吃瓜总站 Network Inc., a Canadian newsmedia company representing more than 130 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. Our expertise in home delivery and expanding distribution network powers 黑料吃瓜总站 Parcel Services. For more information, visit聽,听听补苍诲听.
Forward-Looking Information
This news release may include information that is 鈥渇orward-looking information鈥� under applicable Canadian securities laws. The Company has tried, where possible, to identify such information and statements by using words such as 鈥渂elieve,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渆stimate,鈥� 鈥渁nticipate,鈥� 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渃ould,鈥� 鈥渨ould,鈥� 鈥渟hould鈥�, 鈥渟cheduled鈥� and similar expressions and derivations thereof in connection with any discussion of future events, trends or prospects or future operating or financial performance. Forward-looking statements in this news release include, but are not limited to, statements with respect to the continued operation of publications and statements related thereto. By their nature, forward-looking information and statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These risks and uncertainties include, among others and without limitation: the possibility that existing operations will be restructured or ceased. For a complete list of our risk factors please refer to the section entitled 鈥淩isk Factors鈥� contained in our annual management鈥檚 discussion and analysis for the years ended August 31, 2023 and 2022. Although the Company bases such information and statements on assumptions believed to be reasonable when made, they are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry in which the Company operates, may differ materially from any such information and statements in this press release. Given these risks and uncertainties, undue reliance should not be placed on any forward-looking information or forward-looking statements, which speak only as of the date of such information or statements. Other than as required by law, the Company does not undertake, and specifically declines, any obligation to update such information or statements or to publicly announce the results of any revisions to any such information or statements.
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