Transcontinental Buys Newspaper Group For $255 Million

Share this content:
Commercial printing house Transcontinental Group said yesterday it had purchased several newspapers and other publications from the CanWest Global Communications chain for $255 million, which it called the largest transaction in company history.

The acquisition includes 12 community newspapers, of which 10 are dailies, and 32 other publications, all located in the four Atlantic provinces and Saskatchewan. In addition, Transcontinental acquired a new printing facility as part of the deal and becomes the printer of the National Post newspaper for Canada's Atlantic provinces.

In total, the assets purchased by Transcontinental, Montreal, employ approximately 900 people and generated $100 million a year in revenue. The company now owns a total of 79 community newspapers in eight provinces and 83 other publications.

Transcontinental, which also provides printing services to direct marketers, has recently expanded its production capabilities in Mexico with its purchase of book printer Editorial Offset and its expansion of its interactive marketing print operation in the Philadelphia area.

Loading links....

Sign up to our newsletters

Company of the Week

We recently were named B2B Magazine's Direct Marketing Agency of the Year, and with good reason: We make real, measureable, positive change happen for our clients. A full-service agency founded in 1974, Bader Rutter expertly helps you get the right message to the right audience at the right time through the right channels. As we engage our clients' audiences along their journey, direct marketing (email, direct mail, phone, SMS) and behavioral marketing (SEM, retargeting, contextual) channels deliver information relevant to the needs of each stage. We are experts at implementing and leveraging marketing technologies such as CRM and marketing automation in order to synchronize sales and marketing communications. Our team of architects and activators plan, execute, measure and adjust in real time to ensure the strategy is working as needed and change things if it's not.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here