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Transcontinental buys Journal Nouvelles Hebdo

Montreal-based Transcontinental has acquired weekly newspaper Journal Nouvelles Hebdo. The community paper is distributed to approximately 14,000 households in Dolbeau-Mistassini, QC. No financial details are available. Transcontinental also publishes Lac St-Jean, L'Étoile du Lac and Courrier du Saguenay in that area. "Our acquisition of Journal Nouvelles Hebdo shows Transcontinental's commitment to developing a solid publication network in the region," said Serge Lemieux, vice-president of Transcontinental's newspaper division in Quebec and Ontario. "Our quality and service objectives are the same as those that have enabled the paper to differentiate itself in the market. Journal Nouvelles Hebdo is highly esteemed by the community, which is why we were so interested in acquiring it and developing it with the employees who have helped build its reputation."

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