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Montreal, February 25, 2009 – Following the recent announcement by Hearst Corporation, the owner of the San Francisco Chronicle, Transcontinental wants to reaffirm:
- Further to discussions with Hearst, the preparation of its plant continues as scheduled and the Chronicle expects to begin production in June 2009.
- For the San Francisco Chronicle, the outsourcing of its newspaper’s printing is part of a strategy to reduce costs and give the Chronicle industry-leading color reproduction capabilities.
- The contract signed with Hearst Corporation provides for indemnification should the San Francisco Chronicle cease publication or be sold.
About Transcontinental
Transcontinental provides printing, publishing and marketing
services that deliver exceptional value to its clients and
provide a unique, integrated platform for them to reach and
retain their target audiences. Transcontinental is the largest
printer in Canada and sixth-largest in North America. It is
also the country’s leading publisher of consumer magazines
and French-language educational resources, its second-largest
community newspaper publisher, and its digital platform delivers
unique content through more than 120 Web sites. Its Marketing
Communications Sector provides advertising services and marketing
products using new communications platforms supported by database
analytics, premedia, email marketing, and custom communications.
Transcontinental is a growing company with a culture of continuous
improvement and financial discipline, whose values, including
respect, innovation and integrity, are central to its operation.
Transcontinental (TSX: TCL.A, TCL.B) operates in Canada, the
United States and Mexico, and reported revenues of C$2.4 billion
in 2008.
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For information:
Media
Nessa Prendergast
Director, Media Relations
Transcontinental Inc.
Telephone: (514) 954 2809
nessa.prendergast@transcontinental.ca
Financial Community
Jennifer F. McCaughey
Director, Investor Relations
Transcontinental Inc.
Telephone: (514) 954 2821
jennifer.mccaughey@transcontinental.ca
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