17 September 2009
Transcontinental releases third-quarter results
MONTREAL—In the third quarter ended July 31, Transcontinental recorded consolidated revenue of $533.1 million, down 9% from the $584.9 million recorded in the same quarter in 2008.

In the first nine months of fiscal 2009, consolidated revenue amounted to $1.701 billion, down 4% from $1.776 billion in 2008. Adjusted operating income before amortization decreased 11%, from $253.2 million to $225 million.

The third quarter was marked by the startup of printing of the San Francisco Chronicle, which took place as scheduled. The new printing plant in Fremont, California, where the daily paper is being printed is one of the first in North America to be built to the standards of Leadership in Energy and Environmental Design (LEED).

Transcontinental also gained customers in the flyer and newspaper printing operations, including two leading groups of weekly papers in the Quebec City area: Le Canada français and L’Avantage.
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