Transcontinental Inc. Receives Clearance from the Competition Bureau to Acquire the Sun Media Weekly Newspapers in Quebec
Transcontinental Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D) announced today that it has received clearance from the Competition Bureau to acquire the 74 weekly newspapers owned by Sun Media Corporation in Quebec and their related Web properties, a transaction announced on December 5, 2013. Under the terms of the agreement with the Competition Bureau, the Corporation must put up for sale, for a 60-day period, 34 of the 154 weekly newspapers in its portfolio, including some that are part of the transaction with Sun Media. Most of the weekly newspapers being put up for sale were launched in recent years.