TC Media has announced the sale of 30 publications, including 21 weeklies in the Montréal area, the Métro Montréal weekday newspaper, as well as 8 publications in the Québec City area to a Canadian corporation of which Mr. Michael Raffoul, a Montréal-based businessman, is President.
The transaction includes all web properties related to the titles sold as well as the Québec Hebdo website. In total, 119 employees of the various publications and 20 employees from TC Media’s Production team are transferred to the acquirer. TC Transcontinental also concluded a multi-year agreement for the printing of all of these titles, as well as for the distribution, with the exception of Métro Montréal, which is already under contract with Mr. Raffoul’s print media distribution company.
In addition to the Métro Montréal newspaper, the Montréal-area publications included in this transaction are: Ambiance/Rendez Vous, L’Avenir de l’Est, Cités Nouvelles, Courrier Ahuntsic, Courrier Bordeaux-Cartierville, Corriere Italiano, L’Express d’Outremont – L’Express Mont-Royal, Le Flambeau Mercier-Anjou, Le Guide Montréal-Nord, Le Magazine de l’Île-des-Sœurs, L’Informateur de Rivière-des-Prairies, Journal de Rosemont, Messager Lachine & Dorval, Le Messager LaSalle, Le Messager Verdun, Nouvelles Hochelaga-Maisonneuve, Les Nouvelles Saint-Laurent News, Le Plateau, Progrès Saint-Léonard, Villeray–Parc-Ex Petite Patrie and La Voix Pop. For the Québec City area: L’Actuel, L’Appel, L’Autre Voix, Beauport Express, Charlesbourg Express, Le Jacques-Cartier, Journal Habitation and Le Québec Express, as well as the Québec Hebdo website.
The Daily Newspaper Ownership listing has been updated to reflect the new owner of Métro Montréal.
You can read more about the titles sold over the course of the last year by TC Media here.