The Cape Breton Post and The Chronicle Herald, from SaltWire Network, on March 12, 2024 in Halifax, Nova Scotia.
Judge Keith also approved the plan by Headline Promotions, which is part of SaltWire but not directly related to the newspaper industry.
Headline produced promotional products like clothing and stationery. But it also lost more than $303,000 last year.
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An SOS launched by the container ship helped prevent the worst
ELSEWHERE ON INFO: An SOS launched by the container ship made it possible to avoid the worst Loading in progress
An SOS launched by the container ship made it possible to avoid the worst
ELSELL ON INFO: An SOS launched by the container ship made it possible to avoid the worst
Headline's 10 employees will be made redundant and covered by the PPS, the employee protection program. It provides coverage to workers whose companies go bankrupt.
Another part of the company, Titan Security, is also not part of of the newspaper sector and will be sold separately.
Formal sales offers must be presented no later than May 24, and the judge has until 27 ;until June 28 to approve any offer. Successful bids are expected to close by July 31.
With information from Blair Rhodes and The Canadian Press