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Montreal, November 24, 2006 –
Transcontinental Inc. announced today that it is selling its
interest in TV Hebdo, the television programming
guide, to Les Publications TVA inc. This decision is in line
with the Corporation’s strategy announced on October
19, 2006 to publish TV Guide solely as an online
publication as of the end of November 2006.
Transcontinental received a 50% share in TV Hebdo
when it acquired the Telemedia magazines. At the time, the
other 50% was held by Trustar Limitée, which has since
passed into the hands of Groupe TVA inc.
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 of French-language educational
resources as well as being 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.
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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
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