|
Montreal, October 24, 2006 –
Transcontinental Media today announced it has acquired the
bi-weekly newspaper The Triangle News, based in Coronach,
Saskatchewan. Founded in 1983, The Triangle News is currently
printed at the nearby Moose Jaw Times-Herald printing
operation, owned by Transcontinental Media. The transaction
will strengthen Transcontinental Media’s position in
the area, as the Newspaper Group already owns three other
newspapers in Saskatchewan. The acquisition brings Transcontinental
Media’s newspaper total to 163 community publications
across Canada, totalling some 250 million copies annually.
“This acquisition is in line with our long-term strategy
to increase our presence in Southern Saskatchewan, with a
goal of providing editorial and advertising content to more
than 65,000 households in 140 communities,” said Marc-Noël
Ouellette, Senior Vice President, Newspaper Group at Transcontinental
Media.
Rob Clark, Group Publisher for the Saskatchewan newspapers,
added: “The community-based editorial content and loyal
readership of The Triangle News make it a great addition
to our portfolio of newspapers.”
Randall and Wanda Burns, owners of The Triangle News,
commented: “Transcontinental, with its strong tradition
of serving community needs across Canada through local newspapers,
is the perfect inheritor for the voice of our region. We are
very pleased to know that the paper we founded in 1983 will
be in good hands.”
About Transcontinental Media
The fourth-largest print media group in Canada, with more
than 3000 employees and annual revenues of $555 million
in 2005, Transcontinental Media is the country’s leading
publisher of consumer magazines and the largest publisher
of community newspapers in Eastern Canada. It publishes the
weekday daily Métro in Montreal, owns a number
of digital business units, and is also, through Publi-Sac,
Quebec’s leading door-to-door distributor of advertising
material.
Transcontinental Media is a subsidiary of Transcontinental
Inc. (TSX: TCL.A, TCL.B), which has more than 14,000
employees in Canada, the United States and Mexico and reported
revenues of C$2.2 billion (US$1.9 billion) in 2005.
-30-
For Information:
Media
Jake Brennan
Media Relations Coordinator
Transcontinental Inc.
Telephone: (514) 954-4000
jake.brennan@transcontinental.ca
Financial Community
Stéphane Milot
Director, Investor Relations and
External Communications
Transcontinental Inc.
Telephone: (514) 954-2821
stephane.milot@transcontinental.ca
|
