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Glacier Media Inc GLMFF


Primary Symbol: T.GVC

Glacier Media Inc. is a Canada-based information and marketing solutions company. The Company operates through three segments: Environmental and Property Information, Commodity Information and Community Media. The Environmental and Property Information segments includes its business-to-business content, marketing solutions and data information products which are environmental, and property-related. The Commodity Information segment includes its business-to-business content, marketing solutions and data information products which are agriculture, energy and mining related. The Community Media segment includes its community media assets and related digital and printing operations. The Company’s products and services are focused in two areas: data, analytics and intelligence, and content and marketing solutions. It offers business intelligence, and marketing and advertising solutions to agriculture, mining, regional business, real estate, and environmental risk industries, among others.


TSX:GVC - Post by User

Post by undervalueon Feb 18, 2022 12:24pm
214 Views
Post# 34442266

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Postmedia to buy Brunswick News chain from J.D. Irving in cash and stock deal
The deal includes a fleet of daily and weekly newspapers, digital properties and a parcel delivery service in the eastern province
 
Author of the article:Financial Post Staff
Publishing date:Feb 18, 2022  •  3 hours ago  •  1 minute read  •   Join the conversation
Postmedia Network's head office in Toronto.
Postmedia Network's head office in Toronto. PHOTO BY POSTMEDIA
Article content
Postmedia Network Canada Corp said it has reached an agreement with J. D. Irving Ltd. to buy Brunswick News Inc. (BNI), including its fleet of daily and weekly newspapers, digital properties and a parcel delivery service.
 
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The deal is for $7.5 million in cash and $8.6 million in variable voting shares of Postmedia.
 
Brunswick’s daily and weekly newspapers – including the Telegraph-Journal, Times Globe, Times & Transcript, The Daily Gleaner, Miramichi Leader, Woodstock Bugle-Observer, Bathurst Northern Light, Kings County Record, The Campbellton Tribune and The Victoria Star – will join the Postmedia network of media properties.
 
“These titles have a proud history of providing excellent journalism across New Brunswick and we look forward to continuing that legacy,” Postmedia president and chief executive Andrew MacLeod said in the release late Thursday.
 
“The addition of BNI brands allows Postmedia to serve audiences and marketers from the Pacific to the Atlantic while we continue to build out a national distribution platform and network for our parcel delivery business,” MacLeod added.
 
The sale marks the exit from the media business by J.D. Irving, co-CEO Jim Irving said in the release.
 
“Postmedia is well positioned to make the transition to the digital world of providing New Brunswickers with a reliable source of local, regional and national news as well as access to much broader news coverage,” he said.
 
Postmedia also publishes the National Post and Financial Post.
 
More to come …
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