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Transcontinental is Pleased With the End to Litigation
Involving Métro Newspaper
Montreal, February 17, 2005 – The Supreme Court
of Canada today refused to hear the application from Sun
Media Corporation Inc. in the legal dispute regarding
the daily newspaper Métro that it brought
against the Montreal Transit Corporation and Publications
Métropolitaines inc. Métro is owned
by a partnership composed of Transcontinental Media Inc.,
Metro International S.A. and Gesca Limitée.
André Préfontaine, president of Transcontinental
Media, said, “we are very pleased with the Supreme
Court’s decision, which puts an end to the commercial
litigation brought against us by Sun Media Corporation.
In earlier judgments, the Quebec Superior Court and Court
of Appeal had unanimously acknowledged the validity of
the agreement between the Montreal Transit Corporation
and Métro, declaring that the dispute was,
as we had always argued, of a commercial nature. Since
its launch in 2001, Métro has grown quickly
and is now read by some 517,100 people per week (NADbank,
spring 2004). We will continue our efforts to make this
daily a product that fully meets the expectations of our
readers, advertisers and partners.”
The fourth largest print media group in Canada, with more
than 3000 employees and annual revenues of $524 million
in 2004, Transcontinental Media is the country’s
leading publisher of consumer magazines and the largest
publisher of community newspapers in Eastern Canada. This
subsidiary of Transcontinental Inc. also publishes the
weekday daily Métro in Montreal. It is also,
through Publi-Sac, Quebec’s leading door-to-door
distributor of advertising material.
Transcontinental Media is a subsidiary of Transcontinental
Inc. whose shares are listed on the Toronto Stock Exchange
under the ticker symbols TCL.SV.A and TCL.MV.B.
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For information:
Media
Guillaume Picard
Public Relations
Transcontinental Inc.
Telephone: (514) 954-4000
guillaume.picard@transcontinental.ca
Financial Community
Stéphane Milot
Director, Investor Relations
Transcontinental Inc.
Telephone: (514) 954-2821
stephane.milot@transcontinental.ca
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