Transcontinental acquires Cornwall's Seaway News



    MONTREAL, Aug. 3 /CNW Telbec/ - Transcontinental Media today announced it
has acquired Seaway News in Cornwall, Ontario. Founded in 1985, the paper
serves more than 36,000 households in the eastern Ontario region. The
acquisition brings Transcontinental Media's newspaper total to 169 community
publications across Canada, totalling approximately 250 million copies
annually.
    "Seaway News is a truly local weekly paper and captures the spirit of the
Cornwall area," said Marc-Noel Ouellette, Senior Vice President, Newspaper
Group, Transcontinental Media. "And, just as residents look forward to reading
about their community each week, we look forward to continuing the success of
the paper and building our portfolio in eastern Ontario."
    Seaway News, distributed each week in Ad-Bag from Transcontinental Media,
complements Transcontinental's existing eastern Ontario publications, such as
those serving the Ottawa area which include L'Express, The Star, Weekly
Journal, and Ottawa Business Journal.
    The co-founders of Seaway News, Dick Aubry, Publisher and Rick Shaver,
General Manager, said, "In 1985 we launched what was then called Seaway
Shopping News, and we've been with the paper as it's grown to become Seaway
News. Transcontinental is known for its commitment to both a strong editorial
presence and creative advertising solutions in the communities it serves;
Cornwall will be no exception."
    Transcontinental, 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
material.
    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.
    %SEDAR: 00000383EF




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 McCaughey, Director, Investor Relations, Transcontinental
Inc., (514) 954-2821, jennifer.mccaughey@transcontinental.ca

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Transcontinental Inc.

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