Canadian media group acquires community paper in Quebec
By Erina Lin, Monday 24 December 2007 at 20:55 :: Media Ownership :: #1019 :: rss
Canadian group Transcontinental Media has acquired L'Autre Voix, a community newspaper serving 13,500 households in the east Quebec. The amount of this deal was undisclosed.
With this acquisition, Transcontinental Media has 172 community publications across Canada in total, with about 250 million copies annually.
L'Autre Voix was founded by local businessman Mathieu Tremblay four years ago,.
"Transcontinental is committed to serving local communities with information that is relevant to them," according to Serge Lemieux, Transcontinental's general manager for newspapers in Quebec and Ontario. "L'Autre Voix is a very respected community paper and we look forward to being a part of its future growth."
Transcontinental Media, which is part of printer and media firm Transcontinental Inc., is the second largest community paper publisher in Canada. It also publishes consumer magazines and French-language educational materials.
The parent company has more than 15,000 employees in Canada, the United States and Mexico. It reported revenues of $2.3 billion in 2007, a Google article reported.
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