Monday, April 13, 2015

TVA closes deal to acquire consumer magazines from TC Transcontinental

The $55.5 million transaction was completed today whereby TVA Group acquired 14 magazines, 3 websites and custom publishing contracts of TC Transcontinental. As a result, the Quebec-based company now has 300 new employees and acquired the following brands:
  • Coup de pouce
  • Canadian Living
  • Decormag
  • Style at Home
  • Fleurs Plantes Jardins
  • Canadian Gardening
  • Quebec Vert
  • The Hockey News
  • Condo Maison Direct
  • Maisons Neuves Rive-Sud et Condos
TVA Group will keep a 51% stake in Les Publications Transcontinental-Hearst inc. which operates Elle Canada and Elle Quebec, in partnership with the Hearst Group which holds a 49% stake.

TVA Group and Groupe Bayard together hold 50% of the shares of Publications Senior Inc., that publishes Le Bel Age and Good Times magazines.

The websites acquired are: 
  • Quoi manger and 
  • On the table 
Custom publishing from the magazines are included in the deal.

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