MONTREAL, June 15 /CNW Telbec/ - Transcontinental Media today announced
its acquisition of Saskatchewan's The Oxbow Herald from The Oxbow Herald Ltd.
In print for over 100 years and currently serving a growing population of over
1250 in SouthEast Saskatchewan, this weekly newspaper is the latest addition
to Transcontinental's growing presence in the province. The Newspaper Group
currently owns 8 other newspapers in the Saskatchewan. The current acquisition
includes the newspapers, the commercial printing operation and the building in
which they are located.
"We are expanding rapidly in Southern Saskatchewan and today's
acquisition is in line with Transcontinental's goal to provide top of the line
editorial and advertising content to more than 65,000 households in
140 communities," said Marc-Noel Ouellette, Senior Vice President, Newspaper
Group at Transcontinental Media.
"We are very pleased to include The Oxbow Herald in our rapidly growing
Transcontinental family," said Rob Clark, Group Publisher for the Saskatchewan
newspapers. "We are also happy to announce that The Oxbow Herald's publisher,
Ken Pedlar, will remain with Transcontinental and continue to share his
35 years of experience running Oxbow's newspaper."
"Transcontinental is known for its strong commitment to community life
through its hundreds of local newspapers in Canada," added Ken Pedlar. "I am
confident that our Oxbow readers will continue to receive high quality
products and services with Transcontinental Media."
In addition to The Oxbow Herald, Transcontinental Media's nine newspapers
in Saskatchewan now include Prince Albert Daily Herald, Moose Jaw Times-Herald
and the following six weeklies and bi-weeklies: The Radville Star, The Deep
South Star, The Triangle News in Coronach, The SouthWest Booster in Swift
Current, The Grenfell Sun and The Broadview Express.
This acquisition brings Transcontinental Media's newspaper total to
168 community publications across Canada, totaling some 250 million copies
About Transcontinental Media
The fourth-largest print media group in Canada, with more than 3,000
employees and annual revenues of $580 million in 2006, Transcontinental Media
is the country's leading publisher of consumer magazines and French-language
educational resources as well as the largest publisher of community newspapers
in Eastern Canada. It publishes the weekday daily Métro in Montreal and is,
through Publi-Sac, Quebec's leading door-to-door distributor of advertising
material. It also owns a number of digital business units. 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: Pierre Leduc, Media Relations, (613)
241-6000, ext. 235, Cell phone: (416) 859-8562, email@example.com; Financial
Community: Jennifer F. McCaughey, Director, Investor Relations,
Transcontinental Inc., (514) 954-2821, firstname.lastname@example.org,