Canadian Magazine Industry News
17 March 2010,     MONTRÉAL
Transcontinental first quarter reports profitability up
Transcontinental’s profitability was up substantially in the first quarter of 2010, compared to 2009 for the third quarter in a row. Though revenue was down 11% from last year, due to the negative impact of the exchange rate, the divestiture or closure of plants and publications, and paper prices, according to a company press release.

Transcontinental posted revenues of $559 million, for the three months ending January 31, 2010, a decrease from the $625 million for the same period in 2009. Operating costs were down to $417 million for the first quarter of 2010 from $493 million last year.

The company produces consumer and trade magazines including Canadian Gardening, The Hockey News and Vancouver Magazine.
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