FP Newspapers Inc

April 06, 2011 18:04 ET

FP Newspapers Inc. Announces Printing Contract for Metro Winnipeg Edition

WINNIPEG, MANITOBA--(Marketwire - April 6, 2011) - FP Newspapers Inc. (TSX:FP) (the "Corporation") announced today that FP Canadian Newspapers Limited Partnership ("FPLP") has entered into a multi-year contract to print the Winnipeg edition of the Metro free daily newspaper. Free Daily News Group Inc., which publishes the English-language Metro newspapers in Canada, previously announced the launch of a new daily free publication newspaper in Winnipeg effective April 4, 2011. The new Metro Winnipeg edition will be printed from FPLP's Steinbach printing plant which was acquired from Derksen Printers Ltd. on February 28.

FP Newspapers Inc. owns securities entitling it to 49% of the distributable cash of FP Canadian Newspapers Limited Partnership. FP Canadian Newspapers Limited Partnership owns the Winnipeg Free Press, the Brandon Sun, and their related businesses, as well as the Canstar Community News division, the publisher of eight community and special interest newspapers in the Winnipeg region, and the Carillon in Steinbach with its related commercial printing operations. The Winnipeg Free Press publishes six days a week for delivery to subscribers and single copy sales, serving Winnipeg and Manitoba with an average Monday through Saturday circulation of approximately 126,500 copies. On Sundays the Winnipeg Free Press publishes a tabloid size newspaper sold through single-copy retail outlets and vending boxes. The Brandon Sun publishes seven days a week, serving the region with an average circulation of approximately 15,200 copies. Canstar Community News publishes weekly with an average circulation of approximately 200,000 copies. The businesses employ approximately 600 people in Winnipeg, Brandon and Steinbach. Further information can be found at www.fpnewspapers.com, and in the disclosure documents filed by FP Newspapers Inc. with the securities regulatory authorities, available at www.sedar.com.

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