19 April 2017
Transcontinental pulls out of newspapers
Transcontinental Canada's largest printer ( $2 billion plus) has announced it has put up for sale all of it's regional and local newspaper in Ontario and Quebec. The sale involves 93 publications and related products. Transcontinental has already sold off it's media assets in Saskatchewan in 2016. At the being of this month it sold off all of its newspapers in Nova Scotia, PEI, Newfoundland and New Brunswick to SaltWire Network the publishers of the Chronicle Herold of  Halifax ( which is currently on strike ).
Included in the deal are 4 printing plants.
President and CEO of Transcontinental
President and CEO of Transcontinental
Francois Olivier, President and CEO of TC Transcontinental said " In light of TC Transcontinental's buiness transformation strategy we decided to put all our local and regional newspapers up for sale" Transcontinental has been moving into the packaging and electronic media space. Transcontinental is a public company listed on the Toronto Stock Exchange. It is ccontrolled by the Marcoux  family.
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