MONTREAL, Nov. 23 /CNW Telbec/ - Transcontinental Media today announced
it has acquired The Springhill-Parrsboro Record in Nova Scotia from Advocate
Media Incorporated. Established in 1929, the weekly paper serves more than
1,600 households in the Northern Nova Scotia region. The acquisition brings
Transcontinental Media's newspaper total to 170 community publications across
Canada, with approximately 250 million copies annually.
"This acquisition will be beneficial for Springhill merchants and
businesses as it gives them a broader reach into the Amherst and Truro
markets, where Transcontinental already owns two dailies," said Marc-Noel
Ouellette, Senior Vice President, Newspaper Group, Transcontinental Media.
"The community-based editorial content and loyal readership of The
Springhill-Parrsboro Record make it a great addition to our portfolio of
Advocate Media Inc. has a proud history of more than thirty years with
The Record and the communities it serves. The company remains committed to
community newspapers and maintains a long term vision for its other
"We have been honoured to have had the opportunity to report on,
participate in and sometimes challenge the community," said Sean Murray,
President, Advocate Media Inc. "While the decision to sell The Record was not
an easy one, we firmly believe that its staff and the community will continue
to advance in the long term with Transcontinental's presence."
Transcontinental Media, as the second largest publisher of community
newspapers in Canada, publishes daily, weekly, bi-weekly and monthly
newspapers in the provinces of 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 $580 million in 2006, 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
Transcontinental Media is a subsidiary of Transcontinental Inc.
(TSX: TCL.A, TCL.B), which has more than 14,500 employees in Canada, the
United States and Mexico and reported revenues of C$2.3 billion in 2006.
For further information:
For further information: Media: Nessa Prendergast, Director, Media
Relations, Transcontinental Inc., (514) 954-2809,
firstname.lastname@example.org; Financial Community: Jennifer F.
McCaughey, Director, Investor Relations, Transcontinental Inc., (514)
954-2821, email@example.com; www.transcontinental.com