Transcontinental Buys Newspaper Group For $255 Million

Share this article:
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.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Rakuten Marketing Moves to a Unified Platform

Rakuten Marketing Moves to a Unified Platform

Omni experience consolidates all channel offerings into a single platform and dashboard to provide better management of the customer funnel.

Hawk Search Widens its Global Reach

Hawk Search Widens its Global Reach

Hawk Search's solution offers support for more than twice as many languages as other site search providers, according to the company.

Candidates Offer Change In The Form of Targeting

Candidates Offer Change In The Form of Targeting

A campaign for Ben Carson raised $2.8 million despite his lack of cooperation.