MONTREAL – Another newspaper deal has left Cornwall’s weekly paper as the last of 93 papers being sold by TC Transcontinental Inc. (TC Media).
The Montreal-based company closed its latest deal this month, selling three Quebec newspapers in the Gaspe region and their associated web properties to Lexis Media Inc.
The deal included a transfer of 26 employees and one employee from TC Media’s production team to Lexis Media. TC Media will continue printing and distributing the papers. This is the second deal between TC Media and Lexis Media after a dozen papers changed hands six months ago.
That leaves Cornwall’s Seaway News as the only newspaper still part of TC Media’s divestiture of 93 publications in Ontario and Quebec. The company announced in April 2017 it was undergoing a “business transformation strategy” as it moved toward specialty publications.
Seaway News, founded in 1985 by Rick Shaver and Dick Aubry, and Cornwall Express are the only Ontario TC Media publications.
The company has said before that it would keep publishing the Cornwall paper until a buyer was found, preferably to “local players.”