TC Media, owners of this website, finalized today a transaction selling HalifaxNewsNet to the Chronicle Herald.
The Bedford Sackville Weekly News, the Halifax West Weekly News and the Dartmouth-Cole Harbour Weekly News, TC Media's three weekly community papers, were also sold to the Chronicle Herald along with the Halifax distribution.
According to a release from TC Media, the sale of these assets is based on a business decision to withdraw from the Halifax market, mainly due to the economic environment and the difficult advertising market.
All impacted employees will be transferred to the Chronicle Herald as part of the acquisition. They were informed today, Sept. 16, and will be meeting with Chronicle Herald representatives over the next few weeks.
"As difficult as this decision has been, I believe it is the right thing to do to move our business forward and ultimately strengthen our position in Atlantic Canada," said Julia Kamula, senior vice president, local solutions, Atlantic region & Saskatchewan for TC Media.