Competition Bureau searches Torstar, Postmedia offices in newspaper swap review
Competition Bureau officials searched the Toronto offices of Postmedia Network Canada Corp. and Torstar Corp. on Monday as part of its investigation into their November deal to swap and close down dozens of community newspapers.
The bureau is investigating “alleged anti-competitive conduct contrary to the conspiracy provisions” of the Competition Act, said Commissioner of Competition John Pecman in a statement Monday, the first time the bureau has spelled out the focus of its investigation.
He said the bureau is also examining the matter under the merger provisions of the act.
“Investigators with the bureau are currently gathering evidence to determine the facts relating to the alleged conspiracy,” said Pecman, confirming the reports.