Postmedia Announces Receipt of Shareholder Approval for Services Agreement by Way of Written Consents

TORONTO -- Postmedia Network Canada Corp. (“Postmedia” or the “Company”) today announced that it has obtained consents from beneficial shareholders of the Company (“Shareholders”) (excluding Chatham, as defined below) holding, in the aggregate, shares representing more than 50% of the voting rights attached to the Company’s issued and outstanding shares, approving the Company’s subsidiary, Postmedia Network Inc. (“PNI”), entering into a services agreement (the “Services Agreement”) with The McClatchy Company, LLC (“McClatchy”), an affiliate of Chatham, pursuant to which McClatchy will provide a range of web development and hosting services. Read More