Postmedia Network is selling the Winnipeg Sun, The Graphic Leader in Portage La Prairie, MB, and Kenora Miner & News to The Klein Group, helmed by former Sun publisher Kevin Klein, who went on to serve as a Winnipeg City Councillor and Conservative MLA. Postmedia says employees at each of the newspapers are expected to continue in their roles, with no job losses anticipated. Non-unionized employees will be offered their same job with the Klein Group, while unionized employees will retain their current terms as presently contracted. Included in the transaction is Postmedia’s Winnipeg Press Commercial Print division, all associated digital properties, contracts and other related parts of the businesses. The deal is scheduled to close on or about June 1.
Narcity Media Group is launching an equity crowdfunding campaign on FrontFundr. Readers and retail investors will be able to invest “in the company’s transformation.” “Our goal is to evolve from a media company serving millions of readers to a tech company engaging millions of users,” the company said in a note to readers. Terms of the investment have yet to be revealed.
