Spec was founded May 15, 1975. Run by a volunteer board of directors, the company is a non-profit organization with all surplus income going back into the development of the paper. The Board of Directors meet each several times during the year to discuss finances, general operations of the paper, and various other methods of how to pursue the goals and objectives of the weekly newspaper. Each spring an Annual General Meeting is held for the general public. Since its inception, Spec newspaper has gone through various changes. Originally it was a monthly, then a bi-weekly and became a weekly November 4, 1980. Before long, Spec had developed a lengthy list of subscribers. Now it is read from as far away as Australia, England and California, as well as by thousands of people along the Gaspé Coast.