TORONTO, May 29 (Reuters) – Quebecor Inc plans to
promote former Canadian Prime Minister Brian Mulroney to
chairman after the media and telecommunications conglomerate’s
controlling shareholder stepped down to enter politics.
Mulroney, a staunch supporter of a federal Canada that
includes the mostly French-speaking province of Quebec, could
help the company distance itself from former Chief Executive
Pierre Karl Péladeau.
TORONTO, May 28 (Reuters) – Transcontinental Inc
will have to sell 34 community newspapers to complete a deal to
buy 74 Quebecor Inc Sun Media weeklies, Canada’s
Competition Bureau said in approving the transaction on
The two companies said in December that Transcontinental
would buy the papers from Quebecor for C$75 million ($69
million), subject to regulatory approval.