Glacier Has Completed the Acquisition of the Portfolio of B.C. Media Assets From Postmedia
01 Diciembre 2011 - 12:10PM
Marketwired
Glacier Media Inc. (TSX:GVC) is pleased to announce that, through
its affiliates (collectively "Glacier" or the "Company"), it has to
completed the acquisition of Postmedia Network Inc.'s community
newspapers in British Columbia, the Times Colonist, related digital
media assets, and certain real estate assets for a purchase price
of $86.5 million.
The community newspaper media assets are comprised of two groups
- the Lower Mainland Publishing Group ("LMP") and the Vancouver
Island Newspaper Group ("VING"). The LMP properties include the
North Shore News, the Vancouver Courier, the Burnaby Now, the New
Westminster Record/Royal City Record, the Richmond News, the Delta
Optimist, the Surrey Now, the Coquitlam Now, the Maple Ridge Times,
the Langley Advance, the Abbotsford Mission Times, and the
Chilliwack Times. The VING properties include the Nanaimo Daily
News, the Alberni Valley Times, the Harbour City Star, the Cowichan
Valley Citizen, the Oceanside Star, the Pennyworth, the Westerly
News, and the Campbell River Courier Islander/Campbell River
Courier North Islander.
Shares in Glacier can be traded on the Toronto Stock Exchange
under the symbol GVC.
About the Company: Glacier Media Inc. is an information
communications company focused on the provision of primary and
essential information and related services through print,
electronic and online media. Glacier Media Inc. is pursuing this
strategy through its core businesses: the local newspaper, trade
information and business and professional information markets.
Forward-Looking Statements
This news release contains forward-looking statements that
relate to, among other things, the Company's objectives, goals,
strategies, intentions, plans, beliefs, expectations and estimates.
These forward-looking statements include statements relating to the
anticipated completion of the acquisition. These forward-looking
statements are subject to risks, uncertainties and other factors
which may cause results, performance or achievements of the Company
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements, and undue reliance should not be placed on such
statements.
Important factors that could cause actual results to differ
materially from these expectations are listed in the Company's
Annual Information Form under the heading "Risk Factors" and in the
Company's MD&A under the heading "Business Environment and
Risks", many of which are out of the Company's control. These
factors include, but are not limited to, closing risks and risks
relating to the integration of new businesses.
The forward-looking statements made in this news release relate
only to events or information as of the date on which the
statements are made. Except as required by law, the Company
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated events.
Contacts: Glacier Media Inc. Mr. Orest Smysnuik Chief Financial
Officer 604-708-3264www.glaciermedia.ca
Glacier Media (TSX:GVC)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Glacier Media (TSX:GVC)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024