Competition Bureau asks Transcontinental to sell 34 newspapers Quebecor deal
TORONTO – The Competition Bureau says it will approve a $75-million deal for Transcontinental Inc. to acquire 74 community newspapers from Quebecor Media if nearly half of those newspapers are put up for sale. The regulatory body says the consent agreement, which will require Transcontinental to sell 34 of the community publications, is aimed at “preserving competition in the sale of advertising in community newspapers in several areas in Quebec.” The proposed acquisition was announced last December, and received approval from boards at both companies.
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