Glacier Media, Coast Reporter's parent company, announced on Tuesday that it has purchased several Postmedia community and daily newspapers in B.C., plus related digital media and real estate assets in an $86.5 million deal.
Included in the purchase is the Victoria Times Colonist, which is one of Canada's oldest, most respected and award-winning newspapers, according to a news release.
Other titles acquired in the deal include the Nanaimo Daily News, North Shore News, Vancouver Courier, Burnaby Now, New Westminster Record/Royal City Record, Richmond News, Delta Optimist, Surrey Now, Coquitlam Now, Maple Ridge Times, Langley Advance, the Abbotsford Mission Times, Chilliwack Times, Alberni Valley Times and several others.
According to the release, the deal strategically broadens Glacier's market presence in British Columbia.
"Glacier now offers the broadest coverage of local newspaper markets in Western Canada, which increases market reach for local, regional and national advertisers, provides for significant digital media opportunities and strengthens Glacier's competitive position," the release states.
