Employees of Quebecor Inc.'s Sun News Network expect the channel to shut down operations Friday due to a failure to strike a deal to sell the service to Moses Znaimer's ZoomerMedia Ltd., according to a report Thursday on the Cartt.ca website. Late last month, Canadaland reported that Sun News was close to shutting down due to an impasse in acquisition talks between Quebecor and ZoomerMedia. Cartt reported Thursday that a final offer was given to ZoomerMedia by Quebecor last week with a deadline of Friday, and that ZoomerMedia is balking at the asking price. The Cartt article said...
Quebecor Inc.'s Sun News Network is close to shutting down, a report on the news website Canadaland said Monday. The report cited unnamed sources as saying negotiations for its acquisition by Moses Znaimer's ZoomerMedia Ltd. had hit an impasse over severance packages for Sun News executives who would not be staying on after a sale. The Canadaland story said Quebecor spokesman Martin Tremblay would not comment on speculation about Sun News' pending demise. A deal was announced in October for Postmedia Network Canada Corp. to purchase Quebecor's English newspapers, including...
ZoomerMedia Ltd., the media company led by Moses Znaimer and that caters to the 45-years-and-older age group, is in talks to buy Quebecor Inc.'s Sun News Network, according to a report. Website Cartt reported Tuesday that...