Owner of Toronto Star in talks to merge Postmedia chain with Metroland community papers

Parent companies in talks to merge Postmedia newspaper chain with Metroland community newspapers

Postmedia Network Canada Corp. said it is in talks with Jordan Bitove’s Nordstar Capital LP over a proposed merger of Postmedia’s national newspaper chain with Nordstar’s Metroland community newspapers.

According to an announcement made late Tuesday by Postmedia and Nordstar, which owns the Toronto Star, ownership of the Toronto Star would be transferred to a new company 65 per cent owned by Nordstar and maintain editorial independence under the arrangement.

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