Business
Transcontinental Media Acquires Assets of Groupe Le Canada Français
The acquisition includes 11 weekly and m onthly titles as well as web portals that serve th...
About this update from Transcontinental Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nThe acquisition includes 11 weekly and monthly titles as well as web portals that serve the Saint-Jean-sur-Richelieu and Granby areas\n\n\nMONTREAL, Aug. 1, 2011 /CNW Telbec/ - Transcontinental Media is proud to announce it is acquiring the publishing assets of Groupe Le\n Canada Franais, both print publications and websites. Papers acquired\n in the transaction include the prestigious Le Canada Franais, the paid local weekly with the largest circulation in Quebec, Le Richelieu in Saint-Jean-sur-Richelieu, Le Coup d'Oeil in Napierville, Le Journal L'Express in Granby, L'Avenir Des Rivires in Farnham and Le Guide in Cowansville. In all, they have a combined weekly circulation of more\n than 155,000 copies. A series of regional online information portals\n are also joining the Transcontinental Media digital network, including Canadafrancais.com, Granby.enregion.ca, Cowansville.enregion.ca, Farnham.enregion.ca and trouveztout.info, which reach over 30,000 unique visitors a week.\n\n\n\"The Groupe Le Canada Franais is a jewel of the weekly press in Quebec,\n a newspaper institution that shares our goals of excellence and\n rigour,\" said Natalie Larivire, President of Transcontinental Media.\n \"We are proud and privileged to be continuing the Group's publishing\n tradition with its employees, talented people who have established its\n reputation over time. This acquisition fits with our plans for\n developing our network in Montrgie and enhancing our integrated\n offering to regional and national advertisers.\"\n\n\nThe three shareholders of the Groupe Le Canada Franais, Robert Paradis,\n Maryse Racicot-Gagnon and Renel Bouchard, said they are pleased with\n the transaction. Mr. Paradis, Groupe's President, noted that \"we\n decided to pass the torch to Transcontinental, in whom we have\n developed respect and confidence through our long business\n relationship. This is a new milestone in the history of Canada Franais and our publications; not only does it ensure excellent continuity, it\n also opens the door to new possibilities.\" Following this transaction,\n the shareholders will focus on the operations of the other business\n groups held by the Groupe Le Canada Franais.\n\n\nLe Canada Franais: 150 years of history\nDeeply rooted in their markets, the publications of the Groupe Le Canada\n Franais have a loyal reade...