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Glacier Media is buying one of Canada’s oldest newspapers, Times Colonist in Victoria, along with 20 other smaller publications in British Columbia.
The Vancouver-based publisher bought Postmedia’s community newspapers portfolio for C $86.5 million (U.S. $85.3 million). The sale did not include The Vancouver Sun or The Province, two of Canada’s most widely read papers.
Glacier’s president and CEO John Kennedy says the deal gives Glacier the broadest local newspaper coverage in Western Canada. "It significantly increases our reach across British Columbia as well as Western Canada for local, regional, and national advertisers and provides significant digital media opportunities," he said in an interview.
Speaking to the Winnipeg Free Press, Kennedy added that local press was an attractive prospect for Glacier.