Press release from Marketwire
TC Transcontinental Printing Signs Five-Year Agreement to Print the Calgary Herald Newspaper
Monday, September 09, 2013
TC Transcontinental Printing Signs Five-Year Agreement to Print the Calgary Herald Newspaper22:23 EDT Monday, September 09, 2013
MONTREAL, QUEBEC--(Marketwired - Sept. 9, 2013) - TC Transcontinental Printing (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D) announced today that it has signed a five-year agreement with Postmedia Network Inc. to print the Calgary Herald, which is published Monday to Saturday and has a daily circulation of about 80,000 copies. Founded in 1883, the Calgary Herald is an acclaimed Canadian daily that has won many awards for editorial excellence and innovative design.
The contract with Postmedia Network takes effect in November 2013. The newspaper will be printed in Transcontinental Printing's state-of-the-art facilities in Calgary. No additional investments will be required to accommodate this new business given TC Transcontinental Printing's highly efficient and flexible hybrid platform and skilled workforce. This contract will enable TC Transcontinental Printing to further optimize its capacity utilization at its Calgary facility.
"This is great news for TC Transcontinental Printing and for the Calgary Herald," said Brian Reid, President of TC Transcontinental Printing. "Given the current pace of change in the newspaper industry, this contract demonstrates, once again, the success of our unique newspaper outsourcing model with publishers. It is in line with our strategy to help newspaper publishers across Canada become more efficient."
About TC Transcontinental
Largest printer and leading provider of media and marketing activation solutions in Canada, TC Transcontinental creates products and services that allow businesses to attract, reach and retain their target customers. The Corporation specializes in print and digital media, the production of magazines, newspapers, books and custom content, mass and personalized marketing, interactive and mobile applications, TV production and door-to-door distribution.
Transcontinental Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D), known by the brands TC Transcontinental, TC Media and TC Transcontinental Printing, has approximately 9,500 employees in Canada and the United States, and reported revenues of C$2.1 billion in 2012. Website www.tc.tc.
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