Follow Us! Like Our Page!

Publisher of 2 Nunavut newspapers files for creditor protection – Nunatsiaq News

Jan 17, 2024

Black Press Ltd. seeks to sell its assets to new ownership group

The media company that owns two Nunavut newspapers has filed for protection from creditors and is looking to sell its assets to a new ownership group.

Black Press Ltd., which is based in Surrey, B.C., and owns newspaper group NNSL Media among dozens of other newspapers and magazines across Canada, announced Monday it will move into creditor protection.

That move will allow the company to hold off on paying its debts and let it “restructure its financial affairs” under supervision of the courts, the company said in a statement.

NNSL Media publishes Nunavut News and Kivalliq News in Nunavut, and several other papers in the Northwest Territories. It was purchased by Black Press in 2021.

Read More: https://nunatsiaq.com/stories/article/publisher-of-2-nunavut-newspapers-files-for-creditor-protection/

Loading

NationTalk Partners & Sponsors Learn More