|By Marketwired .||
|February 17, 2014 01:30 PM EST||
MONTREAL, QUEBEC -- (Marketwired) -- 02/17/14 -- Transcontinental Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D) and Gesca Ltd. reached an agreement amending the terms and conditions of the contract to print the La Presse newspaper. The agreement gives Gesca greater flexibility to modulate, in accordance with its needs, the printing services for the La Presse newspaper. For its part, TC Transcontinental continues to be the exclusive printer of La Presse, maintaining ownership of the printing plant and equipment.
"Given the current pace of change in the newspaper industry coupled with La Presse's digital strategy push over the past year, the amended agreement aligns TC Transcontinental and Gesca Ltd. more closely with new realities, said Francois Olivier, President and Chief Executive Officer of Transcontinental Inc. "In fact, the amended agreement is mutually beneficial. TC Transcontinental will receive a one-time cash payment of $31 million from Gesca Ltd. to compensate for price reductions on future services and the increased flexibility provided to Gesca so that it can successfully pursue its multiplatform strategy," concluded Mr. Olivier.
"Given the rapid pace of change in the newspaper industry and the success of La Presse+ and our multiplatform offering, we wished to review the terms of our printing contract in order to obtain greater flexibility with respect to our printing needs," said the President and Publisher of La Presse, Guy Crevier. "We are pleased to have concluded this agreement and to be continuing our excellent business relationship with 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, and door-to-door distribution.
Transcontinental Inc. (TSX:TCL.A)(TSX:TCL.B)(TSX:TCL.PR.D), including TC Transcontinental, TC Media and TC Transcontinental Printing, has over 9,000 employees in Canada and the United States, and revenues of C$2.1 billion in 2013. Website www.tc.tc.
Media: Nathalie St-Jean
Senior Advisor, Corporate Communications
Financial Community: Jennifer F. McCaughey
Senior Director, Investor Relations and
External Corporate Communications
[email protected] / www.tc.tc
May. 4, 2016 09:45 AM EDT Reads: 423
May. 4, 2016 09:45 AM EDT Reads: 429
May. 4, 2016 09:30 AM EDT Reads: 436
May. 4, 2016 08:15 AM EDT Reads: 983
May. 4, 2016 08:00 AM EDT Reads: 1,303
May. 4, 2016 08:00 AM EDT Reads: 1,271
May. 4, 2016 08:00 AM EDT Reads: 1,242
May. 4, 2016 08:00 AM EDT Reads: 1,170
May. 4, 2016 07:45 AM EDT Reads: 1,181
May. 4, 2016 07:00 AM EDT Reads: 1,042
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 4, 2016 07:00 AM EDT Reads: 830
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
May. 4, 2016 06:00 AM EDT Reads: 1,247
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
May. 4, 2016 04:45 AM EDT Reads: 1,338
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
May. 4, 2016 12:45 AM EDT Reads: 1,187
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
May. 3, 2016 10:00 PM EDT Reads: 1,369