One of Canada's largest newspaper publishers, Postmedia Network Canada Corp, has filed a preliminary prospectus as part of its plan to become a publicly traded company.
The move, considered to be a vote of confidence in the continued recovery of the country's economy, fulfils a pledge made last year by directors to list its shares.
Postmedia was created last July when creditors of the bankrupt newspaper unit of Canwest Global Communications Corp agreed to buy it for C$1.1bn (£696m) and undertake a complex restructuring.
The chain was bought by bondholders led by Paul Godfrey, the president of the National Post.
Source: Reuters
