Transcontinental Inc. completes transaction with the Sun Media Corporation in Quebec

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Transcontinental Inc. completes transaction with the Sun Media Corporation in Quebec

Tuesday, June 03, 2014

Press release from the issuing company

Montreal – Transcontinental Inc. 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.

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