TC Media exits Halifax market, sells weeklies and distribution to Chronicle Herald
The venerable family-owned Chronicle Herald of Halifax has bought out the weekly newspapers of TC Media as well as its flyer and distribution business in Halilfax. Essentially, TC Media has withdrawn from the Halifax market altogether. The reason given was the difficult economic environment and the difficult advertising market. As part of the acquisiton, the Bedford Sackville Weekly News, Halifax West Weekly News, Dartmouth-Cole Harbour Weekly News, as well as the Chronicle Herald Halifax distribution and all related employees are being transferred over to the Chronicle Herald.
"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," says Julia Kamula, senior vice-president, local solutions, Atlantic region and Saskatchewan, TC Media in a release.