Glacier Ventures International Corp. (www.glacierventures) has purchased 80% of the shares of The Weyburn (SK) Review (www.weyburnreview.com) and the companyÔÇÖs printing business. The transaction is scheduled to close August 20, 2004.
The company publishes The Weyburn Review and the Weyburn and Area Booster.
The papers will retain current staff, including Darryl Ward, Patricia Ward and Kevin Bakken who will continue to manage and to retain an equity interest in the acquired business.
ÔÇ£WeÔÇÖve had really positive comments from the community,ÔÇØ said Review publisher Darryl Ward.
The positive response is partially because the deal will mean more jobs for Weyburn.
ÔÇ£Our printing plant will expand with more employees since we will be the central printing plant for southeastern Saskatchewan,ÔÇØ noted Ward.
Despite expansion, Ward remains committed to the community press.
ÔÇ£ItÔÇÖs not going to change our community coverage,ÔÇØ he said.