TC Media Inc. a subsidiary of Transcontinental Inc., has become the sole owner of Metro Montréal and all of the title’s interactive platforms. The free commuter daily, which attracts over 245,000 readers a week, was previously owned by a group composed of Metro International, Transcontinental Inc. and Gesca.
In a press release, François Olivier, interim president of TC Media and President and CEO of TC Transcontinental, said that "this acquisition is excellent news for TC Media and our clients, advertisers and readers, since it will enable us to enrich the content we provide.”
Metro Montréal will maintain close ties with Metro International and the newspaper’s management team will remain the same following the ownership change.
