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Montreal, November 23, 2007 – Transcontinental
Media today announced it has acquired The Springhill–Parrsboro
Record in Nova Scotia from Advocate Media Incorporated.
Established in 1929, the weekly paper serves more than 1,600
households in the Northern Nova Scotia region. The acquisition
brings Transcontinental Media’s newspaper total to 170
community publications across Canada, with approximately 250 million
copies annually.
“This acquisition will be beneficial for Springhill
merchants and businesses as it gives them a broader reach
into the Amherst and Truro markets, where Transcontinental
already owns two dailies,” said Marc-Noël Ouellette,
Senior Vice President, Newspaper Group, Transcontinental Media.
“The community-based editorial content and loyal readership
of The Springhill-Parrsboro Record make it a great
addition to our portfolio of newspapers.”
Advocate Media Inc. has a proud history of more than thirty
years with The Record and the communities it serves.
The company remains committed to community newspapers and
maintains a long term vision for its other publications.
“We have been honoured to have had the opportunity
to report on, participate in and sometimes challenge the community,”
said Sean Murray, President, Advocate Media Inc. “While
the decision to sell The Record was not an easy one, we firmly
believe that its staff and the community will continue to
advance in the long term with Transcontinental’s presence.”
Transcontinental Media, as the second largest publisher
of community newspapers in Canada, publishes daily, weekly,
bi-weekly and monthly newspapers in the provinces of Ontario,
Quebec, Newfoundland and Labrador, Nova Scotia, Prince Edward
Island, New Brunswick and Saskatchewan.
About Transcontinental Media
The fourth-largest print media group in Canada, with more
than 3000 employees and annual revenues of $580 million
in 2006, Transcontinental Media is the country’s leading
publisher of consumer magazines and of French-language educational
resources as well as being the largest publisher of community
newspapers in Eastern Canada. It publishes the weekday daily
Métro in Montreal, owns a number of digital
business units, and is also, through Publi-Sac, Quebec’s
leading door-to-door distributor of advertising material.
Transcontinental Media is a subsidiary of Transcontinental
Inc. (TSX: TCL.A, TCL.B), which has more than 14,500 employees
in Canada, the United States and Mexico and reported revenues
of C$2.3 billion in 2006.
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For information:
Media
Nessa Prendergast
Director, Media Relations
Transcontinental Inc.
Telephone: (514) 954 2809
nessa.prendergast@transcontinental.ca
Financial Community
Jennifer F. McCaughey
Director, Investor Relations
Transcontinental Inc.
Telephone: (514) 954 2821
jennifer.mccaughey@transcontinental.ca
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