17 April 2019
Transcontinental In Multimillion-dollar Lawsuit
HALIFAX—
 
Transcontinental former plant in P.E.I .
Transcontinental former plant in P.E.I .
SaltWire Networks, Atlantic Canada's largest printing and publishing company  has launched a multimillion-dollar lawsuit against Transcontinental over its of  acquisition of their  newspapers and printing plants in Eastern Canada .SaltWire Network Inc. had acquired 28 Atlantic publications in 2017,
Largest printer publisher in Atlantic Canada
Largest printer publisher in Atlantic Canada
including the Cape Breton Post, The Guardian in P.E.I., and The Telegram in St. John’s, N.L. The deal also included three printing plants and added to SaltWire’s existing holdings, which included the Halifax Chronicle Herald. SaltWire  alleging the deal was made based on inaccurate and inflated numbers. They claims Transcontinental  overstated revenues, hid  facts about the condition of the assets and was not forthcoming  of questionable business practices.
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