Transcontinental Inc. has sold 12 Quebec newspapers and their related web properties to Groupe Lexis Media Inc.
Financial terms of the deal were not immediately available.
Under the agreement, 75 employees of the various publications and 16 employees from TC Media’s production team have been transferred to Groupe Lexis Media.
The newspapers sold to Groupe Lexis Media are: Le Citoyen Rouyn-Noranda, Le Citoyen de la Vallee-de-l’Or, L’Echo Abitibien and La Frontiere, distributed in Abitibi-Temiscamingue; L’Action D’Autray, L’Action – Wednesday Edition, L’Action – Weekend Edition, L’Express Montcalm and Hebdo Rive-Nord, in Lanaudiere; Le Bulletin, La Petite-Nation and La Revue, in Outaouais.
You can read more about this transaction here.