Transcontinental buys Corriere Italiano
By Leah McBride Mensching, Thursday 20 December 2007 at 23:28 :: Media Ownership :: #1004 :: rss
Transcontinental Media announced Thursday is has acquired Italian-language weekly newspaper Corriere Italiano, which serves the Italian-speaking community in Montreal.
Following the acquisition, Canada-based Transcontinental now owns 171 community publications across the country; however, this is the first newspaper to be published in a language other than English or French.
The weekly paper, first published in 1952 by Alfredo Gagliardi, currently reaches 13,500 households in the Montreal area, Fox Business reported.
Marc-Noël Ouellette, senior vice president of Transcontinental's newspaper group told Fox Business that the newspaper will continue serving Montreal's Italian community under its new ownership.
Carole Gagliardi, the paper's publisher and daughter of its founder, said Transcontinental has “reassured that the mission and the cultural relevance of Corriere Italiano will be preserved.”
Transcontinental is the second largest community newspaper publisher in Canada.
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