The Chronicle Herald acquires Transcontinental’s newspapers, websites in Atlantic Canada

Two of Atlantic Canada’s biggest media players are now one.

The owner of the region’s largest newspaper, The Chronicle Herald, is buying up all of Transcontinental Inc.’s newspapers, news websites and four of its printing plants in Atlantic Canada.

Lever would not disclose financial terms but did say it was for cash and was financed by the Herald’s banker Toronto-based Integrated Private Debt Corp., an arm of Integrated Asset Management.

Under the deal, Transcontinental is turning over 27 publications in Nova Scotia, Newfoundland, New Brunswick and Prince Edward Island,  their related websites, one stand-alone web property, four of its media division’s printing plants, and commercial printing operations in Newfoundland and Labrador as well as its distribution system in Atlantic Canada.

To read more about what this means and the properties changing hands, please click here.

To view our updated daily newspaper ownership listing, please click here.