It said the transaction, which consolidates resources geographically, helps preserve jobs in areas that can no longer sustain multiple products.Postmedia engaged in the swap instead of simply shutting down its papers because it wanted to refocus on a few key areas in Ontario as it retrenched from others, president and chief operating officer Andrew MacLeod said. The deal expands its flyer and insert customers in certain markets.The companies were careful not to share any knowledge about their plans for the properties after the transaction, he added.Torstar said the transaction was effectively non cash as the properties exchanged were worth roughly the same amount. Postmedia said the transaction is not subject to merger notification provisions of the Competition Act and does not require regulatory clearance.The Competition Bureau, however, said it will review the deal.can confirm that the Competition Bureau will be undertaking a review of the transaction, spokesperson Jayme Albert said in an email.The Competition Bureau would not reveal the specifics of the review for confidentiality reasons, but said it reviews transactions of all sizes to evaluate whether they would result in a substantial loss or prevention of competition.

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