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Glacier Media buys Castanet for $22M

Community news chain already owns newspapers in B.C., Alberta and Saskatchewan
Black Press Media Staff
Black Press Media Staff
16283192_web1_190405-BPD-M-castanet
(Castanet)

Community news company Glacier Media has bought Castanet, Glacier announced in a news release Friday.

Glacier Media bought the digital Okanagan news outlet for $22 million, with an additional $2 million for Castanet鈥檚 Avenue Radio shares.

Castanet has over 50 staff throughout 琉璃神社, Vernon and Penticton, and has been in the news business for 18 years.

Glacier Media already owns newspapers across B.C., Alberta and Saskatchewan, as well as industry-specific publications in real estate, beer brewing and mining.

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