Officials are reviewing a transaction between Torstar and Postmedia.
But he added there is “no conclusion of wrongdoing at this time and no charges have been laid.” Pecman said all investigations and inquiries are conducted confidentially and he could not comment further.
Torstar and Postmedia announced on Nov. 27 that they had completed the deal involving a number of community and daily newspapers. As part of the transaction, Torstar acquired eight weekly community publications and seven daily community newspapers located in Ontario. As well, Torstar acquired the free dailies 24 Hours Toronto and 24 Hours Vancouver.
Torstar sold 22 weekly community newspapers in eastern and southern Ontario and the Metro Winnipeg and Metro Ottawa free daily publications to Postmedia.
After the transaction was completed, Torstar closed three of the daily newspapers it had acquired and the eight community publications and two free dailies. Torstar continues to operate four daily newspapers acquired from Postmedia, including the Niagara Falls Review, Peterborough Examiner, St. Catharines Standard and Welland Tribune.