Postmedia CEO Paul Godfrey 05/08/12 This is a bit of a different deal than what they had before.

We like the way thi ngs are structured now, and they have the type of commodity news we require. It allows us to streamline costs, overall it's a good deal and financially it will help. We worked out a financial deal that works for us based on the products we need. To be quite honest, I've always been a CP fan. So I would have continued to be a fan if I had been at CanWest. I m not sure there s a need for competition in this a rea not only is it expensive to run, Canada is only so big a country. There's a benefit to an alliance. And now we're on the same plane as the Star and Globe for news we can't get ours elves we can now get through a unified source. It's the right deal at this time. We're very pleased froma fianancial point of view, and we'll be able to put ou r slant on local news.