PRINCE ALBERT, SASK.—A group of employees at a Saskatchewan daily Newspaper say they’ve reached a deal to purchase the outlet and run it as an independent publication.
Alberta-based Star News Publishing says it’s sold the Prince Albert Daily Herald to a group of employees led by publisher Donna Pfeil.
Financial terms of the deal were not disclosed, but Star News says the transaction will close “in the very near term.”
Star News president Roger Holmes says the sale is good for both the city of Prince Albert and the media industry.
Employees say they’re pleased to return the paper to its roots as an independent, Locally owned and operated news outlet.
They say they’re passionate about the Prince Albert community and feel it’s important to have Local news coverage for the area.
“As the third-largest city in Saskatchewan, Prince Albert deserves and needs a daily newspaper operated for and by Locals, and our team is excited to be part of the long-term future of the paper,” Pfeil said in a statement.
Source : TheStar