Metroland Media Group Ltd., NOI
Metroland Media Group Ltd., a Toronto Ontario-based media corporation and the sister company of the Toronto Star, filed an NOI on September 15, 2023, listing over $74 million in liabilities, including approximately $32 million to TorStar and other intercompany payables and approximately $8 million to CIBC. It is reported that Metroland is moving towards mainly producing digital media content as the decreased interest in and profitability of print advertising adversely affected the company. Grant Thornton is the proposal trustee. Aird & Berlis is counsel to Metroland.
By: Dina Milivojevic