TC Media Acquires Sun Media's Portfolio of Community Weeklies
December 05 2013 - 10:09AM
Marketwired Canada
Sun Media and TC Media, a division of TC Transcontinental, announce the closing
of a transaction whereby TC Media will acquire Sun Media's 74 Quebec weeklies
for $75 million.
"The digital revolution has brought profound changes in local print media
markets," noted Robert Depatie, President and CEO of Quebecor Media, the parent
corporation of Sun Media. "Advertisers now have a multitude of platforms
available to them that did not even exist little more than 10 years ago. We
believe in the future of print media but we cannot ignore the new market
realities".
"We are very pleased with this deal," Mr. Depatie continued. "We are ensuring
these newspapers will stay in Quebec hands by selling them to another major
Quebec company, Transcontinental."
"Acquiring Sun Media's 74 community papers in Quebec is in line with our
strategy to strengthen the core assets of TC Media and develop a local digital
media offering for businesses and communities," said Francois Olivier, President
and CEO of TC Transcontinental. "This transaction will also give us the
opportunity to continue building multiplatform offerings across all of Quebec by
drawing on the talents of our people and on all those who work on the Sun Media
community papers in Quebec. We are keen to welcome them into our midst soon."
The transaction is subject to approval by regulatory authorities, specifically
the Competition Bureau. While it is under review, Sun Media will continue
publishing the weeklies in question.
"After this transaction, Quebecor Media will remain an important player on the
Quebec media landscape," said Mr. Depatie. "We will still be the owners of the
dailies Le Journal de Montreal, Le Journal de Quebec and 24 Heures, as well as
QMi Agency."
In conclusion, Mr. Depatie added: "We thank all the employees who have made it
possible for these newspapers to inform the communities they serve over the
decades. It is thanks to them that Quebecor Media has become the major
corporation it is today."
About Sun Media Corporation
Sun Media Corporation, a subsidiary of Quebecor Media Inc., is Canada's largest
newspaper publisher, based on paid and free circulation, publishing over 15.1
million copies each week. With 36 paid-circulation daily newspapers and 3 free
dailies in 9 of the 10 largest urban markets in Canada, each with its own
dedicated website, and almost 200 community newspapers, shopping guides and
other specialty publications, Sun Media Corporation's English and French
language newspapers and websites make it a leading provider of local news and
information. Sun Media Corporation includes the activities of Osprey Media and
Canoe.ca, an integrated enterprise offering e-commerce, information and
communication services that operates a network of Internet portals that attracts
over 10.5 million unique visitors per month in Canada, including 5.7 million in
Quebec. Sun Media Corporation also provides a range of commercial printing and
related services as well as distribution services for newspapers, flyers and
magazines.
List of the 74 community papers acquired by TC Media
Le Citoyen de la Vallee de l'Or Val-d'Or, Amos
Le Citoyen de l'Harricana Val-d'Or, Amos
Le Citoyen Rouyn Noranda Rouyn-Noranda
Le Citoyen Abitibi Ouest Rouyn-Noranda
Eclaireur Progres Saint-Georges
Hebdo Regional Saint-Georges
Beauce Media Sainte Marie
Les Actualites d'Asbestos Asbestos
Le Plein Jour de Baie Comeau Baie-Comeau
Le Port-Cartois Port Cartier
Le Nord Est Sept-Iles
Le Saint-Laurent Portage Riviere-du-Loup
Le Mirabel Saint-Jerome
L'Information du Nord - Mont Tremblant Tremblant
L'Information du Nord - Ste-Agathe Sainte-Agathe
L'Information du Nord - Vallee de la rouge L'Annonciation
L'Echo de la lievre Mont-Laurier
Le Peuple Lotbiniere Laurier Station
Le Peuple Levis Levis / Montmagny
Courrier du Sud Longueuil
Le Journal de Sherbrooke Sherbrooke
L'Oeil Regional Beloeil
La Seigneurie Boucherville
Le Journal de Chambly Chambly
Le Soleil de Salaberry-de-Valleyfield Valleyfield
Le Reflet Delson
Le Journal de St-Bruno St-Bruno
Le Soleil du Samedi Chateauguay
Le Soleil du Mercredi Chateauguay
L'Information Ste-Julie Ste-Julie
Le Journal St-Francois Valleyfield
Les 2 Rives Sorel
L'Echo Abitibien Val-d'Or
La Frontiere Rouyn-Noranda
Businest Rimouski
Le Transgaspesien Gaspe
L'Avant-Poste Amqui
L'Echo de la Baie New-Richmond
L'Aviron Campbelton, Nouveau-Brunswick
Le Havre Chandler
Le Pharillon Gaspe
L'Information Mont-Joli Mont-Joli
Le Riverain Ste-Anne-des-Monts
Le Sentinelle de Chibougamau Chibougamau
Le Jamesien Chibougamau
Brossard-eclair Brossard
Le Journal de St-Hubert St-Hubert
The Gleaner - La Source Huntingdon
Sortir Boucherville
Agri-Vallee Valleyfield
L'Information d'Affaires Rive-Sud Beloeil
La Voix Sorel
La Voix de la Matanie Matane
La Voix Gaspesienne Matane
Le Courier du Fleuve Rimouski
Le Journal des Pays d'en-Haut La Vallee Saint Sauveur / Sainte-Adele
Le Progres Echo Rimouski
Le Reveil Saguenay
Le Rimouskois Rimouski
VISION Rimouski
L'Echo du Nord St-Jerome
L'Echo de St-Eustache St-Eustache
L'Impact de Drummondville Drummondville
Pub Extra Laval-Laurentides
L'Echo de Victoriaville Victoriaville
L'Echo de la Rive Nord Ste-Therese
L'Echo de Laval Laval
Le Journal de Magog Magog
Le Point du Lac St-Jean Lac St-Jean
Le Journal de Joliette Joliette
L'Echo de Repentigny Repentigny
L'Echo de Trois-Rivieres Trois-Rivieres
L'Echo de Shawinigan Shawinigan
L'Echo de St-Jean-sur-Richelieu St-Jean-sur-Richelieu
FOR FURTHER INFORMATION PLEASE CONTACT:
Martin Tremblay
Vice President, Public affairs
Quebecor Media
514-380-1985
martin.tremblay@quebecor.com
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