Transcontinental acquires Italian-language newspaper Corriere Italiano



    MONTREAL, Dec. 20 /CNW Telbec/ - Transcontinental Media today announced
it has acquired the Italian-language weekly newspaper Corriere Italiano, which
serves the Italian community in the Montreal area. The acquisition brings
Transcontinental Media's newspaper total to 171 community publications across
Canada, with approximately 250 million copies annually. It is the first time
the company will publish a newspaper in a language other than English or
French.
    "Transcontinental is proud to add the Italian-language Corriere Italiano
to our strong and growing roster of community newspapers," said Marc-Noel
Ouellette, Senior Vice President, Newspaper Group, Transcontinental Media.
"Corriere Italiano has a solid history, spanning over 55 years, of serving the
Italian community in Montreal and we plan to continue that tradition."
    The first issue of Corriere Italiano was published by Alfredo Gagliardi
in 1952 and the weekly paper currently reaches approximately 13,500 households
in the Montreal area.
    "We're proud to be associated with Transcontinental because, in its
hands, we're reassured that the mission and the cultural relevance of Corriere
Italiano will be preserved," said Carole Gagliardi, Publisher and daughter of
founder Alfredo Gagliardi. "We plan to continue our role within the Italian
community with the same respect and professionalism as always."

    Transcontinental Media, as the second largest publisher of community
newspapers in Canada, publishes daily, weekly, bi-weekly and monthly
newspapers in seven provinces: Ontario, Quebec, Newfoundland and Labrador,
Nova Scotia, Prince Edward Island, New Brunswick and Saskatchewan.

    About Transcontinental Media

    The fourth-largest print media group in Canada, with more than 3000
employees and annual revenues of $633 million in 2007, Transcontinental Media
is the country's leading publisher of consumer magazines and of
French-language educational resources as well as being the largest publisher
of community newspapers in Eastern Canada. It publishes the weekday daily
Métro in Montreal, owns a number of digital business units, and is also,
through Publi-Sac, Quebec's leading door-to-door distributor of advertising
material.
    Transcontinental Media is a subsidiary of Transcontinental Inc.
(TSX: TCL.A, TCL.B), which has more than 15,000 employees in Canada, the
United States and Mexico and reported revenues of C$2.3 billion in 2007.




For further information:

For further information: Media: Nessa Prendergast, Director, Media
Relations, Transcontinental Inc., (514) 954-2809,
nessa.prendergast@transcontinental.ca, www.transcontinental.com; Financial
Community: Jennifer F. McCaughey, Director, Investor Relations,
Transcontinental Inc., (514) 954-2821, jennifer.mccaughey@transcontinental.ca

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