By The Canadian Press in the Vancouver Sun, March 25, 2024
Black Press Ltd., the owner of dozens of community newspapers in Western Canada, says it has emerged from creditor protection following the restructuring and sale of the company.
The Surrey-based publisher announced in January it had entered creditor protection under the Companies’ Creditors Arrangement Act.
On Monday, it said it has closed its previously announced sale of the company to Canadian institutional investors Canso Investment Counsel Ltd. and Deans Knight Capital Management Ltd. as well as Carpenter Media Group.
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