Transcontinental buys Eastern Canada papers

Transcontinental Media announced yesterday it has acquired more publications in the Maritimes including the Amherst Daily News and the weekly Citizen and related publications owned by Cumberland Publishing of Amherst N.S., and the Sackville Tribune-Post, a weekly in Sackville, N.B. Included in the sale are the newspapers’ printing and distribution operations. According to Transcontinental, these operations employ about 40 people and produce annual revenue of close to $4-million.