· CBC News ·
A Nova Scotia judge has approved the plan for restructuring Saltwire, the company which owns a string of newspapers in Atlantic Canada, including the Halifax Chronicle Herald, the Charlottetown Guardian and the St. John’s Telegram.
The company is insolvent and sought creditor protection earlier this month.
Justice John Keith of the Nova Scotia Supreme Court approved an interim protection order on Friday, but he sought clarification on some aspects of the deal.
On Monday, he confirmed the order will be extended until May 3.
That’s to give time to the advisors and overseers to come up with a plan for restructuring and also seek out potential buyers.
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