Business Dufferin News Editorial Opinions

Owner of Orangeville Newspaper Has Been Sold to Private Equity! What now?

The owner of an Orangeville newspaper, the Orangeville Banner, one of Dufferin’s local news outlets, was purchased by a private equity group. Josh MacEwen discusses the implications of this on our community. Check out yesterday’s video for more on Torstar and its plans for local journalism!

Nordstar Capital purchased Torstar, and they are putting former Premier of Ontario David Peterson in the position of Vice-Chairman. Current CEO John Boynton will stay in his current role. The plan is to stick with the current transformation strategy, so it is quite possible Torstar Local is still happening! This may accelerate the demise of Orangeville newspapers and local journalism!!

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