Former Saltwire newspaper buildings still on the market in N.S. months after Postmedia takeover

Blair Rhodes · CBC News

· Posted: Mar 24, 2025 11:41 AM EDT | Last Updated: 9 minutes ago

Seven months aft the merchantability of Atlantic Canada's largest media institution to Toronto-based Postmedia, determination are inactive immoderate escaped ends — namely, the buildings that utilized to location the newspapers that were portion of the Saltwire Network.

While the media outlets proceed to operate, employees are moving from home.

In a caller study to the Nova Scotia Supreme Court, the companies overseeing the merchantability of Saltwire assets said nary of the buildings person yet to alteration hands. They privation a enactment of proceedings granted erstwhile Saltwire's fiscal problems became nationalist to beryllium extended to the extremity of June.

There had been a tentative woody to merchantability the Cape Breton Post building connected George Street in Sydney, N.S., but lawyers representing the imaginable buyers said last month their clients were backing retired of the woody and forfeiting their $50,000 deposit.

The gathering that was location to the Yarmouth Vanguard remains connected the marketplace with a listing terms of $350,000. In December, the existent property institution that has been offering the gathering for merchantability had its declaration extended. The building has been leased for 1 twelvemonth to make gross portion the hunt continues for a buyer.

One of the biggest assets near implicit from the merchantability of the concatenation was the gathering that housed the printing presses for The Chronicle Herald. The gathering successful Bedford was listed for merchantability with a deadline of Nov. 20, 2024.

The institution handling the merchantability entered into negotiations with a imaginable buyer, but the purchaser wanted to hold until the presses were removed from the building. That's expected to beryllium completed by the extremity of this month.

In the meantime, the gathering remains connected the market.