Transcontinental Reports Gains for Fiscal Year Despite Q4 Loss

Furthermore, in August, Transcontinental announced that it had signed a $1.7 billion contract to print the Globe and Mail until 2028 in most of the Globe and Mail’s main markets in Canada. This contract takes effect at the end of 2010. In addition to extending the agreements covering the Atlantic provinces, Quebec and Ontario, the contract adds two new markets: Alberta and British Columbia. For Transcontinental, the contract will bring in annual revenues of about $95 million, of which some $25 million is new business. In 2009 and 2010, Transcontinental will invest about $200 million to set up an innovative platform to print newspapers and flyers across Canada, a first in the country.