Posted on 16/03/06
Transcontinental on the hunt for media acquisitions
MONTREAL -- Transcontinental Inc., Canada's second-largest commercial printer, wants to buy magazine and newspaper companies to increase profit, chief executive officer Luc Desjardins said yesterday."The appetite is there" for acquisitions, Mr. Desjardins told analysts on a conference call. "We would like to buy in the media business in Canada if we can find a magazine competitor that could be for sale, or some community newspaper that would make sense to us. We are certainly looking at that seriously."
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