Southam to Acquire Saturday Night Magazine

Posted on May 28, 1998

Southam announced that it will acquire Saturday Night magazine from a subsidiary of Hollinger Inc. The acquisition has been approved by a committee consisting of the independent directors of Southam. Saturday Night magazine is distributed monthly to over 400,000 households across Canada, principally through Southam daily newspapers as well as by subscription and on newsstands.

"We are very pleased to have Saturday Night as a full member of the Southam family" said Don Babick, President and Chief Operating Officer of Southam Inc. "Our distribution partnership over the years has clearly been of benefit to both Saturday Night and our newspapers. We're now well positioned to build on that success."