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Canwest Papers to be Named Postmedia Network |
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Tuesday, 06 July 2010 |
 Paul Godfrey, current CEO of the National Post and leader of the group of creditors who purchased the newspaper assets of Canwest, has announced the new name for his newspaper empire: Postmedia Network Inc.
"From the earliest days of information delivery by post, to the current online world of posting news and information online as it happens and looking ahead to the constant evolution in a post-media universe, our new name reflects both the strong legacy and the exciting future of media as we become a new company," said Godfrey in a memo.
The deal is expected to close July 14. Godfrey got governmental approval for the purchase last month, valued at $1.1 billion. The chain of newspapers had numerous bidders, including Torstar and the West coast's Black Press. The Canwest newspapers chain contains some of Canada's largest newspapers, including the National Post, Ottawa Citizen, Calgary Herald and the Vancouver Sun.
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