TC Media sells its Drummondville newspapers: L'Express - Wednesday Edition and L'Express Week-end
Montreal, August 30, 2017 – Transcontinental Inc.'s (TSX: TCL.A TCL.B) Media Sector, TC Media, announced today the sale of its two Drummondville-based publications, L'Express – Wednesday Edition and L'Express Week-end, as well as their related web properties, to a Canadian corporation of which Mr. Dave Beaunoyer is part of. Mr. Beaunoyer is former general manager at TC Media for this region. The 19 employees of these newspapers are transferred to the acquirer, along with 4 employees from TC Media's production team. The Corporation would like to thank them for their professionalism and wishes them continued success. Furthermore, TC Transcontinental also concluded a multi-year agreement for the printing and distribution of these publications.
This transaction is part of the process for the sale of TC Media's local and regional newspapers in Quebec and Ontario, which was made public in a press release issued by Transcontinental Inc. on April 18.
About TC Transcontinental
Canada's largest printer with operations in print, flexible packaging, publishing and digital media, TC Transcontinental's mission is to create products and services that allow businesses to attract, reach and retain their target customers.
Respect, teamwork, performance and innovation are strong values held by the Corporation and its employees. The Corporation's commitment to its stakeholders is to pursue its business and philanthropic activities in a responsible manner.
Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has more than 7,000 employees in Canada and the United States, and revenues of C$2.0 billion in 2016. Website www.tc.tc
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