Andrew MacLeod, Postmedia's president and CEO, stated that his company is "delighted" to welcome the new media properties, affirming that the sale "preserves their vital role within the community." He emphasized their goal to continue quality journalism and community engagement through the acquisition.
MacLeod expressed gratitude towards collaborators in developing a more sustainable model for the publications, underlining that this acquisition broadens Postmedia's reach while reinforcing their commitment to the community and quality journalism.
Amid discussions around pension liabilities, the union has positively noted the acquisition, stating that staff at The Guardian and Journal-Pioneer have assurance that operations will continue, indicating a commitment to retain almost all editorial staff.
With the companies' pension plan winding up but reported as being 90% funded, this situation reflects the complexities faced during the acquisition, particularly how it impacts the 426 pension plan members.
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