Postmedia reported it has successfully closed its acquisition of certain businesses and assets of Saltwire Network Inc.  The Halifax Herald and St. John Telegram .Through the acquisition of Atlantic Canada’s largest media company. The Telegram announced that after Saturday its print and digital editions will no longer be distributed daily, with the first weekly edition to be published Aug. 30. The outlet will continue to publish news daily on its website, says the article. Many local and regional newspapers folded across Newfoundland and Labrador in the past decade. When SaltWire purchased The Telegram in 2017 from Transcontinental Inc., it acquired about a dozen other papers operating in communities. Only The Telegram and two free weekly papers -- the Newfoundland Wire and the Central Wire are still published. The sale did not include  The Telegram's printing press -- the last of its kind in the province -- which has left several other papers scrambling to find a new plan. The building is on the market for $5.9 million, and if nobody comes forward to buy it. The closure of this facility would leave Newfoundland and Labrador as the only province without the ability to print newspapers.