Transcontinental (company)

Transcontinental Inc.
TC Transcontinental
Public
Traded as TSX: TCL.A
TSX: 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.

History

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.[1]

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.[2] The Competition Bureau approved the sale in May 2014, under the condition that Transcontinental divest 34 of its Quebec newspapers for competition reasons.[3] 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.[4]

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.[5] 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.[6][7]

In May 2016, Transcontinental sold its 13 newspapers in Saskatchewan to Star News Publishing of Alberta. As a result, a TC printing plant in Saskatoon was also shut down.[8]

On December 1, 2016, Transcontinental Media acquired Rogers Media's financial-oriented B2B publications, including Advisor's Edge, Avantages, Benefits Canada, Canadian Insurance Top Broker, Conseiller, Canadian Investment Review and the Canadian Institutional Investment Network. The purchase was part of Rogers' aim to divest its B2B publications in order to focus more upon its consumer publications.[9][10]

On April 13, 2017, Transcontinental announced that it had sold all of its properties and four printing plants in Atlantic Canada to SaltWire Network, a newly-formed parent company of The Chronicle Herald.[11][12][13] On April 18, 2017, Transcontinental announced that it planned to place 93 of its remaining newspapers—primarily located in Quebec—for sale, in order to "contribute to the continued sustainability of local media and to foster greater connections with the advertisers and communities they serve."[14]

Publications

Newspapers

Transcontinental's division TC Media operates a large number of community newspapers in Quebec, including;

Magazines

Printing

Transcontinental has 23 printing plants across Canada and United States (as of September 16, 2015).[16]

In January 2016, the Toronto Star announced it would outsource its newspaper printing to Transcontinental with a five-year contract beginning in July 2016. The operations were shifted to its Vaughan plant, which led to the closure of the Toronto Star Press Centre.[17]

Packaging

TC Packaging has 2 plants in Clinton, Missouri, 1 plant in Brooklyn and 1 plant in Lenexa, Kansas, United States.

Management

References

  1. ↑ "CanWest sells papers to Transcontinental for $255 million". CBC News. Retrieved 14 April 2017.
  2. ↑ "Sun Media sells 74 community newspapers to Transcontinental for $75-million". Financial Post. Retrieved 13 April 2017.
  3. ↑ "Transcontinental told to sell 34 papers in Sun Media deal". The Globe and Mail. Retrieved 13 April 2017.
  4. ↑ Faguy, Steve. "Transcontinental sells 14 community newspapers, shuts down 20 more". Retrieved 13 April 2017.
  5. ↑ "Transcontinental acquires U.S. flexible packaging firm, raises dividend". The Globe and Mail. Retrieved 14 April 2017.
  6. ↑ "Quebecor’s TVA Group buys 15 magazines from Transcontinental". The Globe and Mail. Retrieved 13 April 2017.
  7. ↑ "Quebecor's TVA Group buys Hockey News, Canadian Living". CBC News. Retrieved 17 April 2017.
  8. ↑ "Star News Publishing buys 13 newspapers across Saskatchewan". CBC News. Retrieved 13 April 2017.
  9. ↑ "TC Media acquires Advisor Group from Rogers". Investment Executive. Retrieved 2017-06-05.
  10. ↑ "The End of an Era. Rogers Media Sells off some of their iconic B2B Media Brands in November". Masthead Online. Retrieved 2017-06-05.
  11. ↑ "Chronicle Herald buys all Atlantic Canadian Transcontinental papers". CBC News. Retrieved 13 April 2017.
  12. ↑ "Transcontinental sells The Guardian, Journal Pioneer". CBC News. Retrieved 13 April 2017.
  13. ↑ "The Chronicle Herald acquires Transcontinental Inc.’s newspapers, news websites and four printing plants in Atlantic Canada". The Chronicle Herald. Retrieved 13 April 2017.
  14. ↑ "Transcontinental selling 93 newspapers in Ontario and Quebec". CBC News. Retrieved 18 April 2017.
  15. ↑ "Transcontinental lays off at least 28 in publishing, closes Canadian Home & Country - Masthead Online News". www.mastheadonline.com. 18 February 2009. Retrieved 1 August 2017.
  16. ↑ http://tctranscontinental.com/documents/10180/53011/Investor_presentation_Sept2015.pdf
  17. ↑ http://www.citynews.ca/2016/01/15/torstar-sell-vaughan-printing-plant-close-300-jobs-affected/
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