Correspondent, Toronto, Canada
Alastair's Feed
May 28, 2014
May 28, 2014

Transcontinental must sell some papers in Quebecor deal

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
Wednesday.

The two companies said in December that Transcontinental
would buy the papers from Quebecor for C$75 million ($69
million), subject to regulatory approval.

May 28, 2014
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    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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