Groupe Lexis Média buys three TC Media newspapers

PrintAction Staff
June 08, 2018
By PrintAction Staff
Transcontinental Inc.’s Media Sector, TC Media, has announced the sale of three local newspapers, as well as their related web properties, to Groupe Lexis Média inc. In total, 26 employees of the various publications and 1 employee from TC Media’s Production team are transferred to Groupe Lexis Média. TC Transcontinental also concluded a multi-year agreement for the printing and distribution of all of these titles.

The publications sold to Groupe Lexis Média are: L’Avantage votre journal, L’Avantage Gaspésien and L’Avant-Poste.

“Six months ago, this publisher acquired 12 of our local newspapers as part of our sale process launched a year ago. We are thrilled to see that, on the heels of this first experience, Groupe Lexis Média has decided to pursue its growth with the purchase of three more of our titles which enjoy a valued position in their communities,” said François Olivier, President and Chief Executive Officer of TC Transcontinental.

“We are very enthusiastic about these three new acquisitions. Once again, we are acquiring quality publications and highly talented employees from TC Media. With our team already in place, we will, more than ever, serve communities, readers and advertisers with unique products that meet their needs and proudly bear the Groupe Lexis Média signature. Indeed, this new acquisition highlights the successful and promising development of our portfolio of media activities,” Frédéric Couture, President of Groupe Lexis Média inc., said.

With the completion of the transaction, only the Seaway News newspaper of Cornwall is still part of the sale process of TC Media’s 93 local and regional publications in Québec and Ontario.

On April 27, TC Media completed the sale of 30 publications, which included 21 weeklies in the Montréal area, the Métro Montréal weekday newspaper, as well as eight publications in the Québec City area to Transmet Logistics & Metropolitan Media, led by President and Montréal businessman Michael Raffoul.

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

Latest Events

LabelExpo Americas 2018
September 25-27, 2018
Print 18
September 30-2, 2018
SGIA Expo
October 18-20, 2018
Canadian Printing Awards
November 8, 2018
Graphics Canada 2019
April 11-13, 2019

Marketplace


We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.