Postmedia Announces the Closing of the Sale of Infomart
Postmedia Network Inc., a wholly owned subsidiary of Postmedia Network Canada Corp. (“Postmedia” or “the Company”) today
announced that, further to its announcement of June 22, 2017, it has completed the sale of its media monitoring division Infomart
to Meltwater News Canada Inc., for gross proceeds of $38.25 million subject to adjustments. To satisfy claims arising under the
purchase agreement, $5.7M will be paid into escrow. The net proceeds from the sale will be applied to debt repayment.
About Postmedia Network Inc.
Postmedia Network Inc., a wholly owned subsidiary of Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B), is a Canadian newsmedia
company representing more than 200 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. For more information, visit www.postmedia.com.
Forward-Looking Information
This news release may include information that is “forward-looking information” under applicable Canadian securities laws. The
Company has tried, where possible, to identify such information and statements by using words such as “believe,” “expect,”
“intend,” “estimate,” “anticipate,” “may,” “will,” “could,” “would,” “should” 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 statements with respect to the transaction to sell the Infomart division to Meltwater. 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: the impact of the
transaction on revenue; the possibility of adjustments in favour of Meltwater which would reduce the proceeds of the transaction
received by Postmedia; competition from digital and other forms of media; the effect of economic conditions on advertising revenue;
the ability of the Company to build out its digital media and online businesses; the failure to maintain current print and online
newspaper readership and circulation levels; the realization of anticipated cost savings; possible damage to the reputation of the
Company’s brands or trademarks; possible labour disruptions; possible environmental liabilities, litigation and pension plan
obligations; fluctuations in foreign exchange rates and the prices of newsprint and other commodities. For a complete list of our
risk factors please refer to the section entitled “Risk Factors” contained in our annual management’s discussion and analysis for
the years ended August 31, 2016 and 2015. 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.
Postmedia
Media Contact
Phyllise Gelfand, 416-442-2936
Vice President, Communications
pgelfand@postmedia.com
or
Investor Contact
Brian Bidulka, 416-383-2499
Executive Vice President and Chief Financial Officer
bbidulka@postmedia.com
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