Canadian Publishing Industry News
27 September 2019,     MONTREAL
Pierre Marcoux Buys Benefits Canada
Benefits Canada, Canadian Investment Review, Les Affaires and several other  business properties have been sold to Contex Group Inc., a  media company headed by Pierre Marcoux, son of Transcontinental founder Remi Marcoux.Transcontinental  said most of the employees in the divested businesses will be retained by the new owners but that about 20 people will have their employment let go.
Pierre Marcoux had previously run Transcontinentals Media Division TC Media. Pierre started at Transcontinental as a journalist in 2000.  Financial terms of the sales were not disclosed, but is  part of Transcontinental’s ongoing shift away from publishing.
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Wow, Torstar really seems to be on a mission to bankrupt one magazine after another....
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