28 April 2018
Transcontinental sells Quebec Publications
MONTREAL—
Metro Montreal one of 30 Newspapers
Metro Montreal one of 30 Newspapers
 TC Media, announced today the sale of 30 publications, including 21 weeklies in the Montréal area, the Métro Montréal weekday newspaper, as well as 8 publications in the Québec City area to  TransMet a Montreal corporation of which Mr. Michael Raffoul , is President. The transaction includes all web properties related to the titles sold as well as the Québec Hebdo website. In total, 119 employees of the various publications and 20 employees from TC Media’s Production team are transferred to the acquirer. TC
Transcontinental gets out of newspapers
Transcontinental gets out of newspapers
Transcontinental also concluded a multi-year agreement for the printing of all of these titles, as well as for the distribution, with the exception of Métro Montréal, which is already under contract with TranMet a print media distribution company.François Olivier President of TC Media sayd “With the transaction announced today, only 5 of the 93 newspapers up for sale are left in the process and we continue to have discussions with potential buyers.
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