On Thursday, December 13, 2018, Transcontinental Inc. (TSX: TCL.A TCL.B) will release its fiscal 2018 results and host a conference call for the financial community at 4:15 p.m. The conference call will be broadcast live (audio only) on the Investors homepage of the Corporation's Internet site at www.tc.tc, and will be archived for 30 days. The financial results will be made public in a press release that will be issued on the newswire prior to the conference call as well as in the Management's Discussion and Analysis that will be posted on the Corporation's website.

MONTRÉAL, Oct. 02, 2018 (GLOBE NEWSWIRE) -- TC Media announces today the acquisition of Somabec, owned by Stephan Rheaume, a distributor of French-language specialty and trade books, whose offices are located in Saint-Hyacinthe, Quebec. Founded in 1968, this reputable company represents over 100 European and Canadian publishers and offers more than 50,000 titles spanning the fields of technical training, science, medicine and social science. In addition, the transaction includes the acquisition of publishing house Edisem, also owned by Mr. Rheaume, which particularly specializes in the publication of medical books.

Transcontinental Inc. (TSX: TCL.A TCL.B) has been authorized to purchase for cancellation on the open market, between October 1, 2018 and September 30, 2019, up to 1,000,000 of its Class A Subordinate Voting Shares and up to 189,344 of its Class B Shares, representing approximately 1.35% of the 73,850,034 issued and outstanding Class A Subordinate Voting Shares and of the 13,983,026 issued and outstanding Class B Shares as of September 18, 2018. The average daily trading volume on the Toronto Stock Exchange of Class A Subordinate Voting Shares for the past six months was 209,664 and the average daily trading volume on the Toronto Stock Exchange of Class B Shares for the past six months was 476. In accordance with the Toronto Stock Exchange requirements, a maximum daily purchase of the greater of 25% of these averages or 1,000 shares may be made, which represent a total of 52,416 Class A subordinate Voting Shares and a total of 1,000 Class B Shares. The purchases will be made in the normal course of business at market prices through the facilities of the Toronto Stock Exchange and/or alternative Canadian trading platforms in accordance with the requirements of the exchange and/or, subject to the approval of any securities authority by private agreements. If applicable, purchases through private agreements will be executed at a price that is less than the prevailing market price on the Toronto Stock Exchange at the time of the purchase.