Clinton News Record, 2014-10-15, Page 3Wednesday, October 15, 2014 • News Record 3
Accused killer Boris Panovski Sale of Sun Media Corporation's English-language assets
makes second court
appearance in Goderich
Dave Flaherty
Goderich Signal -Star
Accused killer Boris Pan-
ovski made his second court
appearance in Goderich last
Monday moming.
Panovski, 70, of Scarbor-
ough is charged with first-
degree murder in the death of
Don Frigo and the attempted
murder of Frigo's wife, Eva
Willer Frigo.
The two were shot Sept. 13
while riding their horses after
a dog training competition at
the Hullett Wildlife Conserva-
tion Area near Clinton.
Clad in an orange jumpsuit,
Panovski appeared via video.
An agent representing Pan-
ovski's lawyer told the court
they have not yet received dis-
closure from the crown
attorney.
As per Panovski's request, a
Macedonian interpreter was
present.
At times the accused
Free Press file photo
Boris Panovski as he was
led into the Huron County
Courthouse.
seemed to have trouble hear-
ing the interpreter clearly,
requesting several times for
information to be repeated.
The matter was adjourned
until Oct. 27, with Panovski
ordered to remain in custody
and appear via video that day.
Quebecor
reaches a
$316 -million
agreement with
Postmedia
Quebecor announced last
week that it has reached an
agreement with Postmedia
Network Canada Corporation
(Postmedia) whereby Postme-
dia will acquire Sun Media
Corporation's English-lan-
guage operations, consisting
of 175 newspapers and publi-
cations, including the Sun
chain of dailies, namely the
Ottawa Sun, Toronto Sun,
Winnipeg Sun, Edmonton
Sun and Calgary Sun, as well
as The London Free Press, the
24 Hours dailies in Toronto
and Vancouver, and commu-
nity dailies and weeklies, buy-
ers' guides and specialty pub-
lications. The transaction also
includes the Canoe portal in
English Canada, part of the
national sales team based in
Toronto and the Islington,
Ontario printing plant. The
$316 -million purchase price
will be payable in cash, sub-
ject to the customary adjust-
ments and to a $10M adjust-
ment, related primarily to real
estate properties to be dis-
posed of by Sun Media prior
to closing and to be credited to
Postmedia at closing.
The transaction is subject to
approval by the Competition
Bureau. While it is under
review, Sun Media Corpora-
tion will continue managing
the assets and publications in
question.
"Consumers now have
many ways to get their news,
and as a result the newspaper
business has faced increasing
competition from digital
media and new technological
platforms. Newspaper reve-
nues have been declining year
by year," said Pierre Dion,
President and CEO of Quebe-
cor and Quebecor Media.
"This transaction therefore
comes at a time when the
Canadian newspaper busi-
ness absolutely needs consoli-
dation to remain viable and to
Councillor
Marg Anderson
Central Huron East Ward
• Fiscally responsible
• Dedicated
• Experience
• Common sense
• Community minded
• Willing to listen
Telephone & Internet voting anytime between
October 10, at 4:30 pm until October 27
at 8:00 pm Assistance is available at the
municipal office October 14 to October 24
between 8:30 & 4:30 & on October 27
8:30 am to 8:00 pm. For any question or
concerns please call 519-523-4894.
DIM
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7R1•r E4410 r,AL
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3411
t„ I' H ');
Commercial/
Contract Disputes?
18 The Square, Goderich
Phone: 519-524-2154
926 Queen Street, Kincardine
Phone: 519-396-3636
www.donnellymurphy.com
Problem Solved Right Here
compete with digital media.
The transaction will also keep
Sun Media Corporation's
properties in the hands of a
well-established Canadian
group. Postmedia possesses
extensive expertise and the
ability and will to invest in
these publications' long-term
development. This is good
news for the Canadian news-
paper business and the peo-
ple who work in it." "I want to
thank all the employees who
have devoted their talents and
energies every day to inform-
ing their community," said
Julie Tremblay, President and
CEO of Sun Media Corpora-
tion. "Sun Media Corpora-
tion's success has been built
on their passion and dedica-
tion, year after year. Postme-
dia will be able to count on
teams that demonstrate the
ability to innovate in a fast -
changing industry"
Financial advisor
TD Securities is acting as
exclusive financial advisor to
Quebecor on this transaction.
About Quebecor Quebecor,
a Canadian leader in telecom-
munications, news media,
entertainment and culture, is
one of the best -performing
integrated communications
companies in the industry.
Driven by their determination
to deliver the best possible
customer experience, all of
Quebecor's subsidiaries and
brands are differentiated by
their high-quality, multiplat-
form, convergent products
and services. Quebecor (TSX:
QBR.A, QBR.B) is headquar-
tered in Quebec. It holds a
75.36% interest in Quebecor
Media, which employs more
than 15,000 people in
Canada.
A family business founded
in 1950, Quebecor is strongly
committed to the commu-
nity. Every year, it actively
supports people working
with more than 400 organiza-
tions in the vital fields of cul-
ture, health, education, the
environment and
entrepreneurship.
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