Competition Bureau approves sale of TC Media consumer titles to the TVA Group

The Competition  Bureau has  approved the sale of Transcontinental Media's eastern Canadian consumer magazine portfolio (and various related assets) to the TVA Group. The bureau concluded that the transaction, announced in November, was unlikely to result in a substantial lessening or prevention of competition.

"In reaching this conclusion, the Bureau also considered the general decline in readership of magazines, in part attributable to the increasing importance of the Internet as an alternative for readers," said the announcement. 

Related posts:

• Transcontinental sells all its eastern Canadian consumer magazines to TVA