SaltWire Network Inc. is a Canadian newspaper publishing company owned by the Dennis-Lever family of Halifax, Nova Scotia, owners of The Chronicle Herald. Saltwire owns 23 daily and weekly newspapers in Atlantic Canada. The company was formed in 2017 via its purchase of 27 newspapers from Transcontinental. On April 13, 2017, Halifax's independently owned The Chronicle Herald announced its acquisition of 27 newspapers in the region from Transcontinental Media, via the newly formed parent company SaltWire Network. The company had begun a gradual exit from mainstream publishing in order to focus on specialty media and educational publishing. The exact purchase price was not disclosed, although business analysts estimated that the publications were worth approximately $30 million in total. The transaction was criticized by a number of analysts, as it occurred in the middle of a strike by Chronicle Herald employees during which the paper had claimed declining revenues as its reason for demanding major concessions including wage reductions, reduced pension contributions and the removal of several staff divisions from the bargaining unit. More information...
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