Transcontinental Inc. Receives Clearance from the Competition Bureau to Acquire the Sun Media Weekly Newspapers in Quebec

 Transcontinental Inc. Receives Clearance from the Competition Bureau to Acquire  the Sun Media Weekly Newspapers in Quebec  NEWS RELEASE TRANSMITTED BY Marketwired  FOR: Transcontinental Inc.  TSX SYMBOL:  TCL.B TSX SYMBOL:  TCL.A TSX SYMBOL:  TCL.PR.D  MAY 28, 2014  Transcontinental Inc. Receives Clearance from the Competition Bureau to Acquire the Sun Media Weekly Newspapers in Quebec  MONTREAL, QUEBEC--(Marketwired - May 28, 2014) - Transcontinental Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D) announced today that it has received clearance from the Competition Bureau to acquire the 74 weekly newspapers owned by Sun Media Corporation in Quebec and their related Web properties, a transaction announced on December 5, 2013. Under the terms of the agreement with the Competition Bureau, the Corporation must put up for sale, for a 60-day period, 34 of the 154 weekly newspapers in its portfolio, including some that are part of the transaction with Sun Media. Most of the weekly newspapers being put up for sale were launched in recent years.  The sale process has been placed in the hands of a third party, Mallette LLP, a professional chartered accountant firm, who will be acting totally independently of Transcontinental Inc.   The following is the list of weekly newspapers being put up for sale, in alphabetical order.  /T/  Transcontinental Inc. (TC Media) - 12 weekly newspapers                      Abitibi Express - Rouyn-Noranda, Rouyn-Noranda                               Abitibi Express - Val d'Or, Val-d'Or                                         Chambly Express, Chambly                                                     Chateauguay Express, Chateauguay                                             Courrier du Saguenay, including its regional editions: Courrier du Fjord,    Courrier de Jonquiere and Courrier de Chicoutimi                             Edition Beauce Nord, Sainte-Marie                                            Point de vue Laurentides, Mont-Tremblant                                     Rive-Sud Express, Longueuil                                                  Roussillon Express, La Prairie                                               Sorel-Tracy Express, Sorel-Tracy                                             Vallee du Richelieu Express, Mont-Saint-Hilaire                              Valleyfield Express, Valleyfield                                              Sun Media - 22 weekly newspapers                                             Agri-Vallee, Valleyfield                                                     La Voix de la Matanie, Matane                                                La Voix Gaspesienne, Matane                                                  L'Echo de Laval, Laval                                                       L'Echo de la Rive-Nord, Sainte-Therese                                       L'Echo de Repentigny, Repentigny                                             L'Echo de Saint-Jean-sur-Richelieu, Saint-Jean-sur-Richelieu                 L'Echo de Shawinigan, Shawinigan                                             L'Echo de Trois-Rivieres, Trois-Rivieres                                     L'Echo de Victoriaville, Victoriaville                                       L'Echo du Nord, Saint-Jerome                                                 Le Courrier du Fleuve, Rimouski                                              Le Journal de Joliette, Joliette                                             Le Journal de Magog, Magog                                                   Le Journal de Saint-Hubert, Saint-Hubert                                     Le Point du Lac-Saint-Jean, Saint-Felicien                                   Le Progres Echo, Rimouski                                                    Le Reveil, Saguenay                                                          Le Rimouskois, Rimouski                                                      Le Riverain, Sainte-Anne-des-Monts                                           L'Impact de Drummondville, Drummondville                                     Pub Extra Magazine, Laval-Laurentides                                         /T/  Conclusion of transaction  Over the next few days, in conjunction with the sale of weekly newspapers, Sun Media and Transcontinental Inc. will finalize their transaction. During this period, the Sun Media weekly newspapers will remain the property of Sun Media. Once the transaction has been completed, Transcontinental Inc. will become the owner of all acquired Sun Media weekly newspapers, including those put up for sale.  Once the sale period has expired, Transcontinental Inc. will review its portfolio in order to ensure the sustainability of the weekly press in Quebec, by continuing to offer relevant local information on a multitude of platforms, in all the regions of the province where it is present.   "We are pleased with this decision, which allows us to close the transaction and combine the strengths of both companies," said Francois Olivier, President and Chief Executive Officer of Transcontinental Inc. "We are enthusiastic that we will soon be able to welcome the employees of the Sun Media weekly newspapers in Quebec. Despite having to put some weekly newspapers up for sale, this transaction will add about $20 million to the operating earnings before amortization of Transcontinental Inc. and further advance the local multiplatform offering for businesses and communities."  About TC Transcontinental   Largest printer and a 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, door-to-door distribution, and also manufactures a range of flexible packaging products in the United States.   Transcontinental Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D), including TC Transcontinental, TC Media, TC Transcontinental Printing and TC Transcontinental Packaging, has over 9,000 employees in Canada and the United States, and revenues of C$2.1 billion in 2013.  -30- FOR FURTHER INFORMATION PLEASE CONTACT:  Media: Nathalie St-Jean Senior Advisor, Corporate Communications TC Transcontinental 514-954-3581 / or Financial Community: Jennifer F. McCaughey Senior Director, Investor Relations and External Corporate Communications TC Transcontinental 514-954-2821  INDUSTRY:  Computers and Software - Internet, Media and Entertainment - Books and Publishing  SUBJECT:  PDT