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Montreal, May 1, 2007 - Transcontinental Media today announced
its acquisition of The Grenfell Sun and The Broadview
Express weekly newspapers from Stone Printing and Publishing
Company Limited. With over a century of service and a total
circulation of over 1,700 homes in Southern Saskatchewan,
the two weeklies will strengthen Transcontinental Media's
position in the area, as the Newspaper Group already owns
six other newspapers in the prairie province.
"With eight well-established papers in the area, we are
building a strong editorial presence in Southern Saskatchewan,
and continue to strengthen our advertising offering to our
clients who want an opportunity to expand their reach in Southern
Saskatchewan," said Marc-Noël Ouellette, Senior
Vice President, Newspaper Group at Transcontinental Media.
“Today’s announcement is also in line with our
long-term strategy to create a greater presence in Saskatchewan
with an eventual goal of providing editorial and advertising
content to more than 65,000 households in 140 communities."
The acquisition includes the newspapers, the commercial printing
operation and the building in which they are located.
"We are delighted to welcome The Grenfell Sun and
The Broadview Express to the Transcontinental family,"
said Rob Clark, Group Publisher for the Saskatchewan newspapers.
"And we are even more pleased that Dwayne Stone and staff
have agreed to stay on with Transcontinental. Dwayne’s
experience and knowledge will be a great help with the transition
and with running the two weekly newspapers.”
Dwayne Stone, Publisher and owner of The Grenfell Sun and
The Broadview Express added, “Transcontinental Media
has a strong track record of serving the needs of communities
across Canada through local newspapers. We are pleased to
know that our readers and advertisers will continue to enjoy
our paper’s unique voice, while also benefiting from
the new value added by Transcontinental Media's more extensive
products and services."
Transcontinental Media’s eight newspapers in Saskatchewan
now include Prince Albert Daily Herald, Moose Jaw Times-Herald
and the following six weeklies and bi-weeklies: The Radville
Star, The Deep South Star, The Triangle News in Coronach,
The SouthWest Booster in Swift Current, The Grenfell
Sun and The Broadview Express.
This acquisition brings Transcontinental Media's newspaper
total to 167 community publications across Canada, totalling
some 250 million copies annually.
About Transcontinental Media
The fourth-largest print media group in Canada, with more
than 3,000 employees and annual revenues of $580 million in
2006, Transcontinental Media is the country’s leading
publisher of consumer magazines and French-language educational
resources as well as the largest publisher of community newspapers
in Eastern Canada. It publishes the weekday daily Métro
in Montreal and is, through Publi-Sac, Quebec’s leading
door-to-door distributor of advertising material. It also
owns a number of digital business units. Transcontinental
Media is a subsidiary of Transcontinental Inc. (TSX: TCL.A,
TCL.B), which has more than 14,500 employees in Canada, the
United States and Mexico and reported revenues of C$2.3 billion
in 2006.
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For information:
Media
Pierre Leduc
Media Relations
Telephone: (613) 241-6000, ext.: 235
Cell: (416) 859-8562
pleduc@tsa.ca
Financial Community
Jennifer F. McCaughey
Director, Investor Relations
Transcontinental Inc.
Telephone: (514) 954-2821
jennifer.mccaughey@transcontinental.ca
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