Sun Media Continues Restructuring Initiatives

Sun Media Continues Restructuring Initiatives 
MONTREAL, QUEBEC -- (Marketwired) -- 07/16/13 -- Sun Media
Corporation announces the elimination of 360 positions, the closing
of 8 publications across the country and 3 of its free urban dailies,
the 24 Hours newspapers in Ottawa, Calgary and Edmonton, as well as a
series of initiatives to enhance operational efficiencies. The
strategic overhaul is expected to yield annual savings of
approximately $55 million.  
"In recent years, the print media industry has been going through an
unprecedented transformation such as it has never seen before," said
Julie Tremblay, Chief Operating Officer, Sun Media Corporation. "The
management decisions we are making are difficult and highly
regrettable, particularly the job cuts. However, the downsizing is
necessary to maintain a strong positioning for our news media outlets
on all platforms, and more broadly to secure our Corporation's future
success in an industry that is being revolutionized by the advent of
digital. To the employees who are leaving us, we extend our heartfelt
thanks for their contribution and we wish them every success in the
future. 
"Digital is more than a strong trend," Ms. Tremblay noted. "Today,
young people are getting their information almost exclusively from
digital sources such as computers, smartphones and tablets. We are
working to meet the needs of all our readers and advertisers in this
new environment. We are therefore making investments and expanding
our high-potential newspapers and publications across all platforms,
print and digital."  
The closing of the three 24 Hours newspapers is a result of Sun
Media's decision to focus on a single urban newspaper in each market,
except Montreal and Toronto, where the mass transit systems warrant
the continuation of Sun Media Corporation's free dailies as well.
With the continued publication of 24 Hours in Vancouver, Sun Media
remains present in all of Canada's major urban markets.  
In addition to these three 24 Hours, the following 8 titles have
already ceased or will cease publication: L'Action Regionale in
Monteregie (Quebec), The Lindsay Daily Post (Ontario), The Midland
Free Press (Ontario), The Meadow Lake Progress (Saskatchewan), The
Lac du Bonnet Leader (Manitoba), The Beausejour Review (Manitoba), 
Le
Magazine Saint-Lambert (Quebec) et Le Progres de Bellechasse
(Quebec). 
About Sun Media Corporation 
Sun Media Corporation, a subsidiary of Quebecor Media Inc., is
Canada's largest newspaper publisher, based on paid and free
circulation, publishing over 15.1 million copies each week. With 36
paid-circulation daily newspapers and 3 free dailies in 9 of the 10
largest urban markets in Canada, each with its own dedicated website,
and almost 200 community newspapers, shopping guides and other
specialty publications, Sun Media Corporation's English and French
language newspapers and websites make it a leading provider of local
news and information. Sun Media Corporation includes the activities
of Osprey Media and Canoe.ca, an integrated enterprise offering
e-commerce, information and communication services that operates a
network of Internet portals that attracts over 10.5 million unique
visitors per month in Canada, including 5.7 million in Quebec. Sun
Media Corporation also provides a range of commercial printing and
related services as well as distribution services for newspapers,
flyers and magazines. 
Contacts:
Martin Tremblay
Vice President, Public affairs
Quebecor Media
514-380-1985
martin.tremblay@quebecor.com