Canadian Publishing Industry News
28 April 2018,     MONTREAL
Transcontinental Sells all but 5 Publications
Metro Montreal one of 30 publications sold
Metro Montreal one of 30 publications sold
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.
Michael Raffoul President of Tranmet
Michael Raffoul President of Tranmet
TC 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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