Transcontinental Media
 |
|
| TC Transcontinental | |
| Public | |
| Traded as | : TCL.A : TCL.B |
| Industry | Mass media, direct-to-consumer marketing |
| Founded | 1976 |
| Founder | Rémi Marcoux, Claude Dubois and André Kingsley |
| Headquarters | 1 Place Ville Marie, Montreal, Quebec, Canada |
|
Key people
|
François Olivier |
| Revenue | $2.0 billion (2015) |
|
Number of employees
|
More than 8,000 |
| Website | tc.tc |
Transcontinental Inc. (o/a TC Transcontinental) is a Canadian newspaper publishing and marketing company based in Montreal, Quebec. The company is a major publisher of community newspapers in Quebec, and previously owned newspapers in Atlantic Canada and Saskatchewan. Among its media properties are publications such as Les Affaires, Investment Executive and Finance et Investissement, Transcontinental also operates the Montreal edition of Metro.
The company also operates printing presses, and is a distributor of door-to-door advertising material in Canada, through Publisac in Quebec and Targeo in the rest of Canada.
In 2002, Transcontinental acquired 12 newspapers and two printing plants in Atlantic Canada and Saskatchewan from CanWest Global for $255 million, in what was one of the company's largest transactions to date.
In December 2013, Quebecor Media subsidiary Sun Media announced that it would sell 74 of its community newspapers in Quebec to Transcontinental in a deal valued at $75 million. The Competition Bureau approved the sale in May 2014, under the condition that Transcontinental divest 34 of its Quebec newspapers for competition reasons. To comply with the conditions, Transcontinental sold 14 newspapers to other parties (however, only 3 of them were slated to remain as print operations, as the remainder were to become online-only publications under their new owners), and shut down 20 of them entirely.
In March 2014, Transcontinential acquired U.S. packaging supplier Capri Packaging; CEO François Olivier considered flexible packaging to be a diversification into a "new promising growth area", amidst softening revenue in advertising, and decreases in its core printing businesses. In November 2014, TC sold 15 of its consumer magazines, including Canadian Living and The Hockey News, to Quebecor's TVA Group for $55.5 million. Transcontinental stated that it wanted to focus more on its local properties; the deal included new contracts for the company to print TVA magazines and marketing materials through 2021.
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