Canadian Publishing Industry News
31 December 2018,     SAINT-HYACINTHE
TC Media Buys Somabec and Edisem
Transcontinental still keeps it hand in publishing
Transcontinental still keeps it hand in publishing
TC Media announces  the acquisition of Somabec, a distributor of French-language specialty and trade books, whose offices are located in Québec. Founded in 1968, Somabec  represents over 100 European and Canadian publishers and offers more than 50,000 titles spanning the fields of technical training, science, medicine and social science. In addition, the transaction includes the acquisition of publishing house Edisem, owned by Mr. Rhéaume, which particularly specializes in the publication of medical books.
 
TC Media, the Media Sector of Transcontinental Inc., which employs close to 400 people, is a major player in specialty media segment in Canada,  catering to the business, financial and construction sectors, including an event planning component. TC Media is also positioned as Canada's largest publisher of French-language educational resources.
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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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