Transcontinental Media buys Groupe Media-Business
Transcontinental Media has acquired Groupe Média-Business. The company publishes the weekly newspaper Le Nord, which has a circulation of approximately 50,000 and is distributed in the Laurentians region of Quebec. The acquisition is intended to complement Transcontinental's June launch of two new weekly newspapers in that region: Point de vue Sainte-Agathe and Point de vue Mont-Tremblant. "Transcontinental is committed to serving local communities, and with today's announcement, we truly cover the Laurentians with three titles," said Serge Lemieux, vice-president of the newspaper division for Quebec and Ontario at Transcontinental Media. "We are proud that these publications and their online counterparts are at the heart of what's happening in the community by allowing local residents and business to stay in the know and the now." No financial details are available.