Quebecor dumps 74 Quebec weekly papers

On the heels of yesterday's announcement of 200 job cuts at Sun Media, its parent company, Quebecor, has announced it's selling off its 74 Quebec newsweeklies to TC Media, a subsidiary of Transcontinental, for $75 million.

The deal is subject to approval from the Competition Bureau.

In announcing the deal, Quebecor highlighted the fact the papers will remain in Quebec hands.

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