Transcontinental Completes Transaction with Sun Media, Acquiring 74 Weekly Newspapers

MONTREAL—June 2, 2014—Transcontinental Inc. is pleased to announce that it has completed the transaction to acquire the 74 weekly newspapers of Sun Media in Quebec and their related Web properties. Transcontinental now owns all the weekly newspapers acquired from Sun Media.

Recall that the Competition Bureau set the requirement that Transcontinental must put 34 of the 154 newspapers in its portfolio up for sale for a period of 60 days, including some that are part of the transaction with Sun Media, as announced in the press release of May 28, 2014. The sale of the newspapers is being handled by a third party.