BC media baron David Black selling newspaper empire

By Nelson Bennett
Business in Vancouver
January 15, 2024
Category: Business & Politics
Region: Canada, Canada West

Black Press newspapers reported today that Black Press is being sold, with the new ownership group to include the Canso Investment Counsel, Deans Knight Capital Management and Carpenter Media Group in the US. Carpenter Media Group owns newspapers in Texas, Louisiana, Mississippi, Tennessee, Georgia, North Carolina, Virginia and Kentucky. As part of the restructuring, Black Press will seek creditor protection in B.C. Supreme Court. Under the terms of the proposed sale, Black Press Media will continue to be Canadian controlled. Black Press owns more than 80 community newspapers in Western Canada and the Pacific Northwest, including the Yukon and Alaska, and Hawaii. In B.C., Black Press owns 67 community newspapers, including 23 on Vancouver Island and 13 in the Lower Mainland-Fraser Valley. …“The media company employs roughly 1,200 employees between its Canadian and U.S.” divisions.”

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