Thomson sells two newspapers on Okanagan to Black Press

Article Abstract:

Thomson Corp. of Toronto, Ontario, has sold its two newspapers, The Daily Courier and the Penticton Herald, to Victoria, BC-based Black Press Ltd., which owns 80 newspapers and 10 regional press operations. The two newspapers, based in Okanagan Valley in British Columbia, were situated in a place that does not have the critical mass for Thomson's strategic marketing group (SMG) strategy, according to Stuart Garner, head of Thomson division Thomson Newspapers. Thomson previously sold the Victoria Times-Colonist and a number of community newspapers on Vancouver Island to Conrad Black's newspaper group.

Comment:

Acquires Thomson Corp's two newspapers, The Daily Courier and the Penticton Herald

Facilities & equipment, British Columbia, Thomson Corp., Black Press Ltd.

---

Quebecor doing homework as it mulls bid for Sun Media

Article Abstract:

Quebecor Inc. of Montreal, Quebec, is preparing to tender an offer to purchase Sun Media Corp. of Toronto, Ontario. Quebecor Chairman Albert Poissant stated that the company is currently studying the planned transaction and inspecting its options. Poissant also stated that although Quebecor has been known to purchase companies for a relatively adequate amount, the firm is willing to spend more than it usually does for Sun Media. Another interested buyer for Sun Media is Torstar Corp., which is set to offer $12 in cash and one-quarter of a Torstar share per Sun Media share.

Comment:

Is preparing to tender an offer to purchase Sun Media Corp of Toronto, Ontario

Quebec, Ontario, Wood & Wood Products, Wood Product Manufacturing

---

Sun Media, Quebecor reorganize newspapers

Article Abstract:

Sun Media Corp has integrated four daily newspapers of Quebecor Inc into its operations in a restructuring effort aimed at increasing cooperation and efficiency. Sun Media took over Quebecor's operations in Jan 1999 for $983 million. The consolidation and reorganization will help cover all geographic markets of the newspapers, which includes Montreal, Edmonton, Quebec and Ottawa.

Canada

Similar abstracts:

• Abstracts: Margot Kidder's descent into darkness: the Canadian actress, her star in decline, has become famous again for falling apart
• Abstracts: Ontario court backs Sun Life deal. Court rules against Great-West. Sun Life ordered to pay penalty in fraud case
• Abstracts: Beck, Talvest terminate agreement. Canada Trust acquires zero-fee fund dealer Affinity Group. Commission price wars escalate
• Abstracts: Bow Valley finds new partner for controversial project. Canadian 88 investors get Prize dividend. Ranger Oil plans asset sale to reduce debt, layoffs revealed
• Abstracts: Kodak-Intel deal aims to put your photos on line. Microsoft action focuses on building Net portal. Rivals offer challenge to windows

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.