Business
TRANSCONTINENTAL MEDIA AND HEARST CORPORATION ENTER IN PARTNERSHIP
Jun. 1, 2011 (Canada NewsWire Group) -- Hearst Completes Acquisition of Interest in Les Pub...
About this update from Transcontinental Inc. Class A
[{"type":"text","content":"\n\n\n Jun. 1, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nHearst Completes Acquisition of Interest in Les Publications\n Transcontinental-Hachette Inc.\n\n\nNEW YORK and TORONTO, June 1, 2011 /CNW Telbec/ - Transcontinental Media\n and Hearst Corporation have announced today that Les Publications\n Transcontinental-Hachette inc. is now becoming Les Publications\n Transcontinental-Hearst inc. Hearst Corporation completed its\n acquisition of a 49% interest in Les Publications\n Transcontinental-Hachette inc. in Canada as part of its overall\n acquisition of the international magazine businesses of Lagardère.\n\n\nLes Publications Transcontinental-Hachette inc. is a joint venture of\n Transcontinental Media and Lagardère, which publishes the ELLE Canada and ELLE Québec magazines. With this transaction, Hearst Corporation is completing the acquisition\n of Lagardère's interest in Les Publications Transcontinental-Hachette\n inc.\n\n\nCommenting on the completion, Duncan Edwards, president and CEO of\n Hearst Magazines International, said, "We are delighted to have closed\n the transaction in Canada and we are very pleased to have become\n partners with Transcontinental Media in what is an outstanding\n business.  We are looking forward to working with Pierre Marcoux and\n his management team and we are excited about the future."\n\n\nPierre Marcoux, senior vice president, business and consumer solutions\n group, Transcontinental Media added,...