Transcontinental ends 2009 fiscal with strong 4th quarter, but annual loss of $82 million

Transcontinental Inc., the printer and Canada's largest consumer magazine publisher, ended fiscal 2009 ended October 31 with a loss of $82.3 million --a decrease of 6% in revenue and a loss of net income of 6%. Revenue was $2.29 billion compared with $2.5 billion a year ago. The loss per share was $1.02.
The year was capped by a strong 4th quarter in which net income grew 15%. The company