Transcontinental Inc. Completes Transaction With the Sun Media Corporation in Quebec
02 June 2014 - 10:40PM
Marketwired
Transcontinental Inc. Completes Transaction With the Sun Media
Corporation in Quebec
MONTREAL, QUEBEC--(Marketwired - Jun 2, 2014) - Transcontinental
Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D) is pleased to announce
that it has completed the transaction to acquire the 74 weekly
newspapers of Sun Media Corporation in Quebec and their related Web
properties. Transcontinental now owns all the weekly newspapers
acquired from Sun Media Corporation.
Recall that the
Competition Bureau set the requirement that Transcontinental must
put 34 of the 154 newspapers in its portfolio up for sale for a
period of 60 days, including some that are part of the transaction
with Sun Media, as announced in the press release of May 28, 2014.
The sale of the newspapers is being handled by a third party.
About TC
Transcontinental
Largest printer and
a leading provider of media and marketing activation solutions in
Canada, TC Transcontinental creates products and services that
allow businesses to attract, reach and retain their target
customers. The Corporation specializes in print and digital media,
the production of magazines, newspapers, books and custom content,
mass and personalized marketing, interactive and mobile
applications, door-to-door distribution, and also manufactures a
range of flexible packaging products in the United States.
Transcontinental
Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D), including TC
Transcontinental, TC Media, TC Transcontinental Printing and TC
Transcontinental Packaging, has over 9,000 employees in Canada and
the United States, and revenues of C$2.1 billion in 2013. Website
www.tc.tc.
Financial Community and Media: Jennifer F. McCaugheySenior
Director, Investor Relationsand External Corporate CommunicationsTC
Transcontinental514 954-2821jennifer.mccaughey@tc.tc /
www.tc.tc
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