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Postmedia Network completes newspaper acquisition

After months of courtroom wrangling, Canwest’s newspaper division — home to the National Post and other big city dailies — has confirmed the Postmedia Network Canada Corp. as its new owners.

TORONTO — After months of courtroom wrangling, Canwest’s newspaper division — home to the National Post and other big city dailies — has confirmed the Postmedia Network Canada Corp. as its new owners. Canwest said Tuesday its newspaper subsidiary has successfully emerged from creditor protection under the ownership of Postmedia, the company headed by National Post chief executive Paul Godfrey. In total, the chain includes 11 dailies and 26 community newspapers. Godfrey will meet with the media company’s staff this week to discuss changes to the operations. Godfrey has made it clear he wants the company to operate as a “digital-first newspaper” while still focusing on traditional print copies, which are a bigger revenue generator.