Osprey Media is by far the dominant newspaper publisher in Ontario outside of the province's largest metropolitan areas, owning the majority of local newspapers in Northern Ontario, and until recently buying out Southern Ontario papers as well. As of September 2006, Osprey Media's dailies had average daily paid and unpaid circulation / distribution of approximately 340,000 copies, while its non-daily newspapers had average weekly paid and unpaid circulation / distribution of approximately 466,000 copies.
After April 2004, the chain was a subsidiary of the Osprey Media Income Fund (OMIF). On May 31, 2007, it was announced that OMIF would be acquired by Quebecor Media Group for C$517 million. On June 27, 2007, a competing takeover offer from Black Press was also announced. On July 6, 2007 OMIF accepted a revised offer from Quebecor Media Group of C$575.8 million.
In April 2004, Osprey Media Group, motivated by tax breaks, became a subsidiary of Osprey Media Income Fund (OMIF), a unit trust. They changed their name to Osprey Media LP in January 2006 after receiving Canada Revenue Agency approval of their reorganization plans.
On May 31, 2007, it was announced that OMIF would be acquired by Quebecor Media Group for C$517 million. The announcement noted that Scotia Merchant Capital and the Ontario Teachers' Pension Plan had conditionally agreed to tender units in their control which amount to over 50% of the outstanding units. According to Editor & Publisher, the sale of OMIF was at least in part motivated by the pending loss of the tax advantages which had earlier led to the creation of the unit trust.
Tourism Niagara Announces Annual Visitor Guides for 2008/ 2009 Now Available ; "Niagara Seasons" and "Les Saisons" guides highlight Niagara accommodations, Niagara-on-the-Lake wine tours, and so much more!
Apr 22, 2008; NIAGARA FALLS, ONTARIOMarketwire - April 22, 2008) - Tourism Niagara, a division of Niagara Economic Development Corporation, is...