Saltwire Network faces insolvency in tough Canadian media industry

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Saltwire Network, Atlantic Canada's largest media group, is filing for creditor protection and is tens of millions of dollars in debt. Heidi Petracek reports on the fears for local news coverage, the Canadian media industry's unprecedented challenges, and how some outlets have been able to thrive, while others struggle.

02:09 | March 11, 202401:59 | 7 hours ago01:59 | March 10, 2024Saltwire Network, Atlantic Canada's largest media group, is filing for creditor protection and is tens of millions of dollars in debt.

Heidi Petracek reports on the fears for local news coverage, the Canadian media industry's unprecedented challenges, and how some outlets have been able to thrive, while others struggle.Saltwire Network, Atlantic Canada's largest media group, is filing for creditor protection and is tens of millions of dollars in debt.

 

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SaltWire Network files for creditor protection, has $94M in debtThe purchase is being done by SaltWire Network Inc., a newly created media group that publishes the Chronicle Herald.
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