Canadian Publishing Industry News
10 June 2018,     MONTREAL
All but One of Transcontinental Publications Sold
Transcontinental  Media Sector, TC Media, announces  the sale of three more of its local newspapers, as well as their related web properties, to Groupe Lexis Média inc., a company of which Mr. Frédéric Couture is President. In total, 26 employees of the various publications and 1 employee from TC Media's Production team are transferred to Groupe Lexis Média inc.Six months ago, this publisher acquired 12 of TC Media's  local newspapers as part of our sale process launched a year ago TC Transcontinental also concluded a multi-year agreement for the printing and distribution of all of these titles.With the completion of today's transaction, only the Seaway News newspaper of Cornwall is still part of the sale process of TC Media's 93 local and regional publications in Québec and Ontario and it is generating interest in the market.


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Jaded says:
Wow, Torstar really seems to be on a mission to bankrupt one magazine after another....
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Lorene Shyba says:
Full of terrific information, Thanks!...
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