Sun Media Corporation

Sun Media Corporation

December 05, 2013 11:09 ET

TC Media Acquires Sun Media's Portfolio of Community Weeklies

MONTRÉAL, QUÉBEC--(Marketwired - Dec. 5, 2013) - Sun Media and TC Media, a division of TC Transcontinental, announce the closing of a transaction whereby TC Media will acquire Sun Media's 74 Québec weeklies for $75 million.

"The digital revolution has brought profound changes in local print media markets," noted Robert Dépatie, President and CEO of Quebecor Media, the parent corporation of Sun Media. "Advertisers now have a multitude of platforms available to them that did not even exist little more than 10 years ago. We believe in the future of print media but we cannot ignore the new market realities".

"We are very pleased with this deal," Mr. Dépatie continued. "We are ensuring these newspapers will stay in Québec hands by selling them to another major Québec company, Transcontinental."

"Acquiring Sun Media's 74 community papers in Quebec is in line with our strategy to strengthen the core assets of TC Media and develop a local digital media offering for businesses and communities," said François Olivier, President and CEO of TC Transcontinental. "This transaction will also give us the opportunity to continue building multiplatform offerings across all of Quebec by drawing on the talents of our people and on all those who work on the Sun Media community papers in Quebec. We are keen to welcome them into our midst soon."

The transaction is subject to approval by regulatory authorities, specifically the Competition Bureau. While it is under review, Sun Media will continue publishing the weeklies in question.

"After this transaction, Quebecor Media will remain an important player on the Québec media landscape," said Mr. Dépatie. "We will still be the owners of the dailies Le Journal de Montréal, Le Journal de Québec and 24 Heures, as well as QMi Agency."

In conclusion, Mr. Dépatie added: "We thank all the employees who have made it possible for these newspapers to inform the communities they serve over the decades. It is thanks to them that Quebecor Media has become the major corporation it is today."

About Sun Media Corporation

Sun Media Corporation, a subsidiary of Quebecor Media Inc., is Canada's largest newspaper publisher, based on paid and free circulation, publishing over 15.1 million copies each week. With 36 paid-circulation daily newspapers and 3 free dailies in 9 of the 10 largest urban markets in Canada, each with its own dedicated website, and almost 200 community newspapers, shopping guides and other specialty publications, Sun Media Corporation's English and French language newspapers and websites make it a leading provider of local news and information. Sun Media Corporation includes the activities of Osprey Media and, an integrated enterprise offering e-commerce, information and communication services that operates a network of Internet portals that attracts over 10.5 million unique visitors per month in Canada, including 5.7 million in Québec. Sun Media Corporation also provides a range of commercial printing and related services as well as distribution services for newspapers, flyers and magazines.

List of the 74 community papers acquired by TC Media

Le Citoyen de la Vallée de l'Or Val-d'Or, Amos
Le Citoyen de l'Harricana Val-d'Or, Amos
Le Citoyen Rouyn Noranda Rouyn-Noranda
Le Citoyen Abitibi Ouest Rouyn-Noranda
Éclaireur Progrès Saint-Georges
Hebdo Régional Saint-Georges
Beauce Media Sainte Marie
Les Actualités d'Asbestos Asbestos
Le Plein Jour de Baie Comeau Baie-Comeau
Le Port-Cartois Port Cartier
Le Nord Est Sept-Îles
Le Saint-Laurent Portage Rivière-du-Loup
Le Mirabel Saint-Jérôme
L'Information du Nord - Mont Tremblant Tremblant
L'Information du Nord - Ste-Agathe Sainte-Agathe
L'Information du Nord - Vallée de la rouge L'Annonciation
L'Écho de la lièvre Mont-Laurier
Le Peuple Lotbinière Laurier Station
Le Peuple Lévis Lévis / Montmagny
Courrier du Sud Longueuil
Le Journal de Sherbrooke Sherbrooke
L'Oeil Régional Beloeil
La Seigneurie Boucherville
Le Journal de Chambly Chambly
Le Soleil de Salaberry-de-Valleyfield Valleyfield
Le Reflet Delson
Le Journal de St-Bruno St-Bruno
Le Soleil du Samedi Châteauguay
Le Soleil du Mercredi Châteauguay
L'Information Ste-Julie Ste-Julie
Le Journal St-François Valleyfield
Les 2 Rives Sorel
L'Écho Abitibien Val-d'Or
La Frontière Rouyn-Noranda
Businest Rimouski
Le Transgaspésien Gaspé
L'Avant-Poste Amqui
L'Écho de la Baie New-Richmond
L'Aviron Campbelton, Nouveau-Brunswick
Le Havre Chandler
Le Pharillon Gaspé
L'Information Mont-Joli Mont-Joli
Le Riverain Ste-Anne-des-Monts
Le Sentinelle de Chibougamau Chibougamau
Le Jamésien Chibougamau
Brossard-éclair Brossard
Le Journal de St-Hubert St-Hubert
The Gleaner - La Source Huntingdon
Sortir Boucherville
Agri-Vallée Valleyfield
L'Information d'Affaires Rive-Sud Beloeil
La Voix Sorel
La Voix de la Matanie Matane
La Voix Gaspésienne Matane
Le Courier du Fleuve Rimouski
Le Journal des Pays d'en-Haut La Vallée Saint Sauveur / Sainte-Adèle
Le Progrès Écho Rimouski
Le Réveil Saguenay
Le Rimouskois Rimouski
VISION Rimouski
L'Écho du Nord St-Jérôme
L'Écho de St-Eustache St-Eustache
L'Impact de Drummondville Drummondville
Pub Extra Laval-Laurentides
L'Écho de Victoriaville Victoriaville
L'Écho de la Rive Nord Ste-Thérèse
L'Écho de Laval Laval
Le Journal de Magog Magog
Le Point du Lac St-Jean Lac St-Jean
Le Journal de Joliette Joliette
L'Écho de Repentigny Repentigny
L'Écho de Trois-Rivières Trois-Rivières
L'Écho de Shawinigan Shawinigan
L'Écho de St-Jean-sur-Richelieu St-Jean-sur-Richelieu

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