TORONTO – Postmedia Network Canada Corp. agreed Monday to buy Sun Media’s English language newspapers, specialty publications and digital properties from Quebecor Media for $316 million. Here’s a quick look at what they are acquiring:
— Six major daily newspapers: Toronto Sun, Ottawa Sun, Winnipeg Sun, Edmonton Sun, Calgary Sun and London Free Press
— 25 small Ontario daily newspapers: Kingston Whig-Standard, Northumberland Today, Peterborough Examiner, Cornwall Standard Freeholder, Pembroke Daily Observer, Belleville Intelligencer, Brockville Recorder and Times, Niagara Falls Review, St. Catharines Standard, Welland Tribune, Orillia Packet and Times, Barrie Examiner, Owen Sound Sun Times, North Bay Nugget, Timmins Daily Press, Sault Star, Sudbury Star, Woodstock Sentinel-Review, Simcoe Reformer, St. Thomas Times-Journal, Stratford Beacon Herald, Chatham Daily News, Brantford Expositor, Sarnia Observer and Kenora Daily Miner & News.
— Two free commuter newspapers: 24 Hours Toronto and 24 Hours Vancouver
— More than 140 community newspapers, trade publications and magazines
— Canoe news, entertainment and services website outside of Quebec
— QMI’s Islington printing plant in Ontario
— 35 real estate properties in Ontario, Alberta and Manitoba.
— Approximately 2,400 active full time employees
A quick look at the companies involved in the deal:
Founded: July 2010
Market capitalization: $98.15 million
Ownership: GoldenTree Asset Management 39.05 per cent, Silver Point Capital 18.97 per cent, Invesco Canada Ltd. 8.98 per cent, Citibank Canada 8.9 per cent, TD Asset Management 4.38 per cent.
Postmedia newspapers: The Financial Post, National Post, The Vancouver Sun, The Calgary Herald, The Edmonton Journal, The Saskatoon Star-Phoenix, The Ottawa Citizen, The Windsor Star, The Montreal Gazette
Other media operations: Infomart, Canada.com, Househunting.ca
History: Postmedia created in 2010 following purchase of Canwest’s publishing division. Evolved from acquisition of media holdings of Thomson Newspapers and sale of Southam Newspapers founded in 1904.
Founded: 1950, Quebecor Media subsidiary in 2000
Market capitalization: $2.4 billion
Ownership: Beutel, Goodman and Co. 16.4 per cent, Letko Brosseau Investment Management 9.99 per cent, Caisse de depot et placement du Quebec 5.42 per cent, Manulife Asset Management 4.05 per cent.
Employees: More than 15,000, of which 2,400 to be transferred to Postmedia
Holdings: Include 43 daily newspapers and over 250 community weekly newspapers including 24 Hours, Barrie Examiner, Belleville Intelligencer, Brantford Expositor, Brockville Recorder and Times, Calgary Sun, Chatham Daily News, Cobourg Daily Star, Cornwall Standard Freeholder, The Delhi News-Record, Grande Prairie Daily Herald-Tribune, Daily Miner and News (Kenora), Edmonton Sun, Fort McMurray Today, Kingston Whig-Standard, Le Journal de Montreal, Le Journal de Quebec, London Free Press, Niagara Falls Review, North Bay Nugget, Northern News, Orillia Packet and Times, Ottawa Sun, Owen Sound Sun Times, Pembroke Daily Observer, Peterborough Examiner, Port Hope Evening Guide, Portage La Prairie Daily Graphic, Stratford Beacon-Herald, St. Catharines Standard, St. Thomas Times-Journal, Sarnia Observer, Sault Star, Simcoe Reformer, Sudbury Star, Tillsonburg News, Timmins Daily Press, Toronto Sun, Trenton Trentonian, Welland Tribune, Winnipeg Sun, Woodstock Sentinel-Review
Other holdings: TVA Group, Videotron, Canoe, Quebecor Media Book Group, Archambault stores, Distribution Select, Le SuperClub Videotron movie rental stores, Gestion Studios B (broadcasting, publishing & production)
History: Sun Media newspapers acquired in 1999 followed by Osprey Media in 2007