Glacier Media Inc. (TSX:GVC) says it will buy the Victoria Times Colonist and other daily and community papers in British Columbia, continuing a recent wave of deals in the Canadian newspaper industry.
The $86.5 million acquisition from Postmedia Network Inc. also includes two other dailies and 20 weekly and bi-weekly community papers and related digital media and real estate assets.
The community newspapers Glacier is buying are on the B.C. Lower Mainland and Vancouver Island.
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