http://www.piworld.com/article/transcontinentals-adjusted-operating-income-increases-for-4th-consecutive-quarter/1
Transcontinental's third-quarter revenues
decreased from $517.0 million in 2012 to $493.8 million in 2013, mainly due to
the end of the contract to print and distribute Zellers flyers after its store
closures. Other factors were the change in the format and type of paper used by
some of its major customers, difficult market conditions affecting its
magazine, book and catalogue printing business, and a soft advertising market
which continued to impact its Media Sector, particularly with respect to local
markets. The decrease was partially offset by new printing contracts, higher
volume in educational book publishing and the acquisitions of Modulo and Redux
Media, among others.
