TC Media, a division of TC Transcontinental, and Sun Media Corporation, a subsidiary of Quebecor Media, announce that they have signed a final agreement under which the 74 Sun Media community papers and associated web properties in Quebec will be acquired by TC Media for an amount of $75 million. The agreement has been approved by the boards of directors of both companies, but is subject to regulatory approval from, among others, the Competition Bureau.
As part of this transaction, TC Transcontinental has also signed a parallel agreement with Quebecor Media to print some of its magazines and direct marketing materials.
"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.
List of the 74 community papersacquired 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