Thursday, 21 June 2007

Osprey bid feud

Grant Robertson, the Globe and Mail's media writer, shines new light on Quebecor's solo offer to buy Osprey's newspapers for $356 million, a move that has left Torstar in a fighting mood.

"A protracted feud between Quebecor Inc. and Torstar Corp. has surfaced in the wake of this month's sale of Osprey Media Income Fund, which saw Quebecor buy some of Canada's oldest newspapers for $356-million," Grant writes in today's Globe.

"Documents filed with securities regulators by Quebecor show that Torstar believes it had an agreement with Quebecor to make a joint bid for Osprey and its 54 daily and weekly newspapers," he writes.

The rest of the story is a most interesting investigative piece. The Star might have had the same story, but it no longer has a media critic.

Antonia Zerbisias has taken her leave as the Star's media critic, which leaves Grant as Toronto's only dedicated media writer.

The Fading to Black blog says the Star is not replacing Antonia, who has moved on to other duties at the paper involving "social issues/cultural trends."

Antonia's final media column was June 9.

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