December 21, 2017 / 9:26 PM / 9 months ago

BRIEF-TC Transcontinental Announces New Agreement With Hearst

Dec 21 (Reuters) - Transcontinental Inc:

* TC TRANSCONTINENTAL ANNOUNCES NEW AGREEMENT WITH HEARST

* TRANSCONTINENTAL INC - EFFECTIVE APRIL 2, 2018, TC TRANSCONTINENTAL WILL TRANSFER TO HEARST PRINTING OPERATIONS OF ITS FREMONT, CALIFORNIA FACILITY

* TRANSCONTINENTAL INC - UNDER TERMS OF AGREEMENT, TC TRANSCONTINENTAL WILL CONTINUE PRINTING NEWSPAPER IN FREMONT FOR A TRANSITION PERIOD

* TRANSCONTINENTAL INC - WILL RECEIVE A CASH PAYMENT OF US$42.8 MILLION FROM HEARST Source text for Eikon: Further company coverage:

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