TC Media Acquires Sun Media's Portfolio of Community Weeklies
December 05 2013 - 11:09AM
Marketwired
TC Media Acquires Sun Media's Portfolio of Community Weeklies
MONTREAL, QUEBEC--(Marketwired - Dec 5, 2013) - 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 Québec
weeklies for $75 million.
"The digital revolution has brought profound changes in local print
media markets," noted Robert Dépatie, 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. Dépatie continued. "We
are ensuring these newspapers will stay in Québec hands by selling
them to another major Québec 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 François 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 Québec media landscape," said Mr. Dépatie. "We will
still be the owners of the dailies Le Journal de Montréal,
Le Journal de Québec and 24 Heures, as well as
QMi Agency."
In conclusion, Mr. Dépatie 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 Québec. 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 Vallée 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 |
|
|
Éclaireur Progrès |
Saint-Georges |
|
|
Hebdo
Régional |
Saint-Georges |
|
|
Beauce Media |
Sainte Marie |
|
|
Les
Actualités d'Asbestos |
Asbestos |
|
|
Le
Plein Jour de Baie Comeau |
Baie-Comeau |
|
|
Le
Port-Cartois |
Port
Cartier |
|
|
Le
Nord Est |
Sept-Îles |
|
|
Le
Saint-Laurent Portage |
Rivière-du-Loup |
|
|
Le
Mirabel |
Saint-Jérôme |
|
|
L'Information du Nord - Mont Tremblant |
Tremblant |
|
|
L'Information du Nord - Ste-Agathe |
Sainte-Agathe |
|
|
L'Information du Nord - Vallée de la rouge |
L'Annonciation |
|
|
L'Écho de la lièvre |
Mont-Laurier |
|
|
Le
Peuple Lotbinière |
Laurier Station |
|
|
Le
Peuple Lévis |
Lévis
/ Montmagny |
|
|
Courrier du Sud |
Longueuil |
|
|
Le
Journal de Sherbrooke |
Sherbrooke |
|
|
L'Oeil Régional |
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 |
Châteauguay |
|
|
Le
Soleil du Mercredi |
Châteauguay |
|
|
L'Information Ste-Julie |
Ste-Julie |
|
|
Le
Journal St-François |
Valleyfield |
|
|
Les 2
Rives |
Sorel |
|
|
L'Écho Abitibien |
Val-d'Or |
|
|
La
Frontière |
Rouyn-Noranda |
|
|
Businest |
Rimouski |
|
|
Le
Transgaspésien |
Gaspé |
|
|
L'Avant-Poste |
Amqui |
|
|
L'Écho de la Baie |
New-Richmond |
|
|
L'Aviron |
Campbelton, Nouveau-Brunswick |
|
|
Le
Havre |
Chandler |
|
|
Le
Pharillon |
Gaspé |
|
|
L'Information Mont-Joli |
Mont-Joli |
|
|
Le
Riverain |
Ste-Anne-des-Monts |
|
|
Le
Sentinelle de Chibougamau |
Chibougamau |
|
|
Le
Jamésien |
Chibougamau |
|
|
Brossard-éclair |
Brossard |
|
|
Le
Journal de St-Hubert |
St-Hubert |
|
|
The
Gleaner - La Source |
Huntingdon |
|
|
Sortir |
Boucherville |
|
|
Agri-Vallée |
Valleyfield |
|
|
L'Information d'Affaires Rive-Sud |
Beloeil |
|
|
La
Voix |
Sorel |
|
|
La
Voix de la Matanie |
Matane |
|
|
La
Voix Gaspésienne |
Matane |
|
|
Le
Courier du Fleuve |
Rimouski |
|
|
Le
Journal des Pays d'en-Haut La Vallée |
Saint
Sauveur / Sainte-Adèle |
|
|
Le
Progrès Écho |
Rimouski |
|
|
Le
Réveil |
Saguenay |
|
|
Le
Rimouskois |
Rimouski |
|
|
VISION |
Rimouski |
|
|
L'Écho du Nord |
St-Jérôme |
|
|
L'Écho de St-Eustache |
St-Eustache |
|
|
L'Impact de Drummondville |
Drummondville |
|
|
Pub
Extra |
Laval-Laurentides |
|
|
L'Écho de Victoriaville |
Victoriaville |
|
|
L'Écho de la Rive Nord |
Ste-Thérèse |
|
|
L'Écho de Laval |
Laval |
|
|
Le
Journal de Magog |
Magog |
|
|
Le
Point du Lac St-Jean |
Lac
St-Jean |
|
|
Le
Journal de Joliette |
Joliette |
|
|
L'Écho de Repentigny |
Repentigny |
|
|
L'Écho de Trois-Rivières |
Trois-Rivières |
|
|
L'Écho de Shawinigan |
Shawinigan |
|
|
L'Écho de St-Jean-sur-Richelieu |
St-Jean-sur-Richelieu |
Martin TremblayVice President, Public affairsQuebecor
Media514-380-1985martin.tremblay@quebecor.com
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