Morning Update: Toronto Star owner Nordstar, Postmedia in talks to merge

News Snapshot:

Good morning, The parent companies for the country’s two largest newspaper chains are in merger talks, working on a deal that they say would reduce debt and build a media company better able to compete with digital platforms. Postmedia Network Canada Corp., with 130 properties that include papers in most major Canadian cities, and Toronto Star parent Nordstar Capital LP said Tuesday they are in talks to combine operations. Their proposed union comes at a time when social media giants such as Facebook parent Meta Platforms Inc. and Google owner Alphabet Inc. are threatening to block access to news as...