Transcontinental group completed the largest
transaction in its history, the purchase of CanWest Global Communications 12
community newspapers and 32 related publications in the four Canadian Atlantic
provinces and Saskatchewan.
Transcontinental also acquired Gescas three
commercial printing plants: Imprimerie Canada, Qualimax and TR Offset. Included
in the deal is a 15-year contract to print the daily newspapers Le Soleil, Le
Droit and Le Nouvelliste. The company is the largest independent printer of
newspapers in Canada.
Ten of the 12 community newspapers in the companys
CanWest acquisition are dailies; eight are located in the Atlantic provinces and
two are in Saskatchewan. Two of the publications are weeklies.
Transcontinental also becomes the printer of the
National Post for the Atlantic provinces, having also acquired printing
operations in the area. These newspapers employ approximately 900 people, adding
to Transcontinentals nearly 12,000 employees across Canada, the United States
and Mexico.
The dailies acquired in the CanWest deal include
the St. Johns Telegram and the Western Star in Newfoundland; the Halifax
Daily News, the Cap Breton Post, the Evening News and the Truro Daily News in
Nova Scotia; the Charlottetown Guardian and the Journal Pioneer in Prince Edward
Island; the Prince Albert Daily Herald and the Moose Jaw Times Herald in
Saskatchewan.
Weeklies included in the deal are the Northern
Light in New Brunswick and the Southwest Booster in Saskatchewan.
Commercial printing facilities Ad Venture and
Williams & Crue are also included in the deal.
With the completion of the CanWest transaction,
Transcontinental will own 79 community newspapers, 10 of which are dailies,
spread amongst eight provinces, as well as 83 other publications.
Combined with the 62 papers we publish
already, mainly in Quebec, the eight titles in the Atlantic provinces will make
us the leading community newspaper publisher and flyer distributor in Eastern
Canada. Similarly, adding the Saskatchewan newspapers to the ones we now publish
in Manitoba will increase our presence in the prairies, said André
Préfontaine, president of Transcontinental media, Transcontinental Groups
publishing and distribution subsidiary.
We are very pleased to warmly welcome the
employees of these 12 newspapers and two commercial printing facilities to the
Transcontinental family, Préfontaine said. Our new colleagues will soon
see that we share many things in common that are reflected in the quality of the
content, the superior services for advertisers and the newspapers commitment
to the community.