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Montreal, December 20, 2007 – Transcontinental
Media today announced it has acquired the Italian-language
weekly newspaper Corriere Italiano, which serves the
Italian community in the Montreal area. The acquisition brings
Transcontinental Media’s newspaper total to 171 community
publications across Canada, with approximately 250 million
copies annually. It is the first time the company will publish
a newspaper in a language other than English or French.
“Transcontinental is proud to add the Italian-language
Corriere Italiano to our strong and growing roster
of community newspapers,” said Marc-Noël Ouellette,
Senior Vice President, Newspaper Group, Transcontinental Media.
“Corriere Italiano has a solid history, spanning
over 55 years, of serving the Italian community in Montreal
and we plan to continue that tradition.”
The first issue of Corriere Italiano was published
by Alfredo Gagliardi in 1952 and the weekly paper currently
reaches approximately 13,500 households in the Montreal
area.
"We’re proud to be associated with Transcontinental
because, in its hands, we’re reassured that the mission
and the cultural relevance of Corriere Italiano will
be preserved,” said Carole Gagliardi, Publisher and
daughter of founder Alfredo Gagliardi. “We plan to continue
our role within the Italian community with the same respect
and professionalism as always.”
Transcontinental Media, as the second largest publisher of
community newspapers in Canada, publishes daily, weekly, bi-weekly
and monthly newspapers in seven provinces: 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 $633 million
in 2007, 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 15,000 employees
in Canada, the United States and Mexico and reported revenues
of C$2.3 billion in 2007.
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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 |
