André Préfontaine Appointed Chairman of the Board of the Canadian Press

Montreal, June 7, 2004 – Transcontinental Media is pleased to announce that its president, André Préfontaine, has just been appointed chairman of the board of The Canadian Press, an organization with which he has a long association. Mr. Préfontaine first joined the venerable Canadian news service in 1979 as a parliamentary correspondent, then went on to become its deputy bureau chief for Montreal and vice-president, marketing in Toronto.



“André brings a terrific background to his appointment,” said Eric Morrison, president and CEO of The Canadian Press. “He has worked in senior positions with many of CP’s members and continues to be in touch with them through their printing business with Transcontinental Inc. He is well respected and liked within the media industry. He also knows The Canadian Press well and during his previous time here produced a number of innovative services. It will be a pleasure to work with him to build new foundations for the continued success of the cooperative.”

André Préfontaine has traced an impressive career path through the Canadian information industry over the past three decades. He got his start as a journalist at Sherbrooke’s La Tribune newspaper. Next, he took on the abovementioned positions at The Canadian Press, followed by stints as associate publisher and editor of Le Droit, operations manager at Kingston’s Whig-Standard, and president and publisher of The Windsor Star. Before joining Transcontinental in 1996, he was vice president of daily newspapers at Quebecor.

Mr. Préfontaine also serves on a number of other boards of directors, including those of the Canadian Newspaper Association, where he is director, and of Nature Conservancy Canada, Quebec Region. He has been on the board of The Canadian Press for two years.

“In addition to being an honour for me personally, my appointment to the top position of Canada’s largest news service speaks to the importance of Transcontinental Media as a major and growing national player on this country’s print media landscape,” commented Préfontaine. “Not only is it the leading consumer magazine publisher, but it is also the only group with newsrooms in all 10 provinces, with dailies in five. I look forward to fulfilling my expanded duties at The Canadian Press with the same zeal as I apply at Transcontinental.”

About Transcontinental Media

The fourth largest print media group in Canada, with close to 3000 employees and annual revenues of more than $500 million, Transcontinental Media is the country’s leading publisher of consumer magazines and its second-largest publisher of community newspapers. It is also the only print media group with newsrooms in all 10 Canadian provinces. Its titles in French and English are among the most prestigious in the industry, reaching more than 20 million readers from coast to coast every month. Transcontinental Media is also Canada's leading door-to-door distributor of advertising material, most notably through Publi-Sac, which is distributed to 2.8 million households in Quebec each week.

Transcontinental Media is a subsidiary of Transcontinental Inc., a Canadian corporation whose shares are listed on the Toronto Stock Exchange under the ticker symbol TCL.A.

About The Canadian Press

The Canadian Press is Canada's national multimedia news agency and has been delivering news and information to Canadians for more than eight decades. CP serves Canadian newspapers, broadcasters, publishers, websites, wireless carriers, cable companies, government and corporate clients.
CP provides real-time news from Canada and the world in English and French, 24 hours a day, seven days a week. CP has bureaus across Canada with staff in St. John's, Nfld., Halifax, Fredericton, Quebec City, Montreal, Ottawa, Toronto, Winnipeg, Regina, Edmonton, Calgary, Vancouver and Victoria. Staff correspondents in Washington and London head a global network of journalists tracking Canadian and world events abroad.


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For information:

Media

Jake Brennan
Public Relations Department
Transcontinental Inc.
Tel.: (514) 954-4000
jake.brennan@transcontinental.ca

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