Hollinger sells Great West Newspaper Group
By Adnews Staff
Hollinger Canadian Publishing Holdings has completed the sale of its 70% interest in Great West Newspaper Group to Jamison Newspapers and Glacier Ventures International. Great West produces 16 publications, consisting mainly of community newspapers and urban weeklies in western Canada. The company has also sold its 50% interest in Fundata Canada to Glacier. Fundata is a provider of investment fund data and analysis. The two deals are worth a total of $47.1 million. According to Hollinger, discussions with Glacier are continuing regarding the company's possible purchase of Hollinger International's remaining Canadian assets.
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