Postmedia has struck a $316 million deal to buy 175 of Quebecor’s English-language newspapers, specialty publications and digital properties, including the Sun chain of papers, according to a report in the Globe and Mail this morning.
If it passes regulatory hurdles, the deal will mark a step further down the path of media concentration in Canada.
What does this mean for Canadians in practical terms?
In Calgary, for instance, the Calgary Sun would be owned by the same company as the Calgary Herald. In Toronto, the Toronto Sun and 24 Hours would be owned by the same company as the National Post. In Ottawa, the Ottawa Sun would be owned by the same company as the Ottawa Citizen. And in Edmonton, the Edmonton Sun would be owned by the same company as the Edmonton Journal.
It’s Vancouver that takes the cake for media concentration though — Postmedia already owned the Vancouver Sun and The Province, but if the deal goes through it will take over the free daily 24 Hours as well.