Quebecor Media Inc. Announces Early Acceptance of its 7 3/4% Senior Notes Due March 15, 2016 Tendered Under its Tender Offer

Quebecor Media Inc. Announces Early Acceptance of its 7 3/4% Senior Notes Due 
March 15, 2016 Tendered Under its Tender Offer 
FOR: Quebecor Media Inc. 
APRIL 9, 2014 
Quebecor Media Inc. Announces Early Acceptance of its 7 3/4% Senior Notes Due
March 15, 2016 Tendered Under its Tender Offer 
MONTREAL, QUEBEC--(Marketwired - April 9, 2014) - Quebecor Media Inc.
("Quebecor Media") today announced the early acceptance of tendered 7
3/4% Senior Notes due March 15, 2016 (CUSIP 74819RAK2) (the "Notes")
in connection with its previously announced cash tender offer (the "Tender
Offer") to purchase any and all of its Notes. The Tender Offer is being
made pursuant to an Offer to Purchase (the "Offer to Purchase") dated
March 26, 2014 and the related Letter of Transmittal.  
The tender and information agent for the Notes under the Tender Offer has
advised Quebecor Media that US$89,095,000 aggregate principal amount of the
Notes had been validly tendered and not withdrawn pursuant to the Tender Offer
at or prior to 5:00 p.m., New York City time, on April 8, 2014 (the "Early
Participation Date"). Such amount represents approximately 23.45% of the
aggregate principal amount outstanding of Notes. 
Quebecor Media today accepted for purchase, in accordance with the terms of the
Tender Offer, all Notes validly tendered and not withdrawn pursuant to the
Tender Offer at or prior to the Early Participation Date, representing
US$89,095,000 aggregate principal amount of Notes, at a purchase price of
US$1,002.50 for each US$1,000.00 principal amount of Notes accepted, plus
accrued and unpaid interest to but excluding the payment date. Quebecor Media
intends to settle payment for the Notes accepted for purchase by end of today.  
Notes that remain outstanding may be validly tendered by holders until 12:01
a.m., New York City time, on April 24, 2014 unless extended or earlier
terminated (such date and time, as the same may be extended or earlier
terminated, the "Expiration Date"). Holders of Notes validly tendered
after the Early Participation Date but at or prior to the Expiration Date, and
accepted for purchase, will receive the applicable Tender Offer Consideration,
being US$972.50 for each US$1,000.00 principal amount of Notes accepted, but
not the Early Participation Amount, as specified in the Offer to Purchase. In
addition, all holders of Notes accepted for purchase in the Tender Offer will
also receive accrued and unpaid interest on the Notes from the last interest
payment date to, but not including, the applicable payment date.  
As announced on March 26, 2014, Quebecor Media intends to redeem, on April 25,
2014, all of its Notes outstanding on April 25, 2014 at a price equal to
100.000% of such Notes, plus accrued and unpaid interest pursuant to the terms
of the indenture governing the Notes. 
The terms of the Tender Offer remain unchanged and are as set forth in the
Offer to Purchase. Quebecor Media anticipates that it will accept for purchase
and pay for all Notes validly tendered at or prior to the Expiration Date and
not validly withdrawn, or previously accepted on the date hereof, within two
business days following the Expiration Date. 
None of Quebecor Media or its board of directors, the dealer managers or the
tender and information agent, or the trustee for the Notes makes any
recommendation that holders tender or refrain from tendering all or any portion
of the principal amount of their Notes, and no one has been authorized by us or
any of them to make such a recommendation. Holders must make their own decision
as to whether to tender their Notes, and, if so, the principal amount of Notes
to tender. 
All the Notes are held in book-entry form through the facilities of The
Depository Trust Company. If you hold Notes through a broker, dealer, bank,
trust company or other intermediary or nominee (an "Intermediary"),
you must contact such Intermediary if you wish to tender Notes in the Tender
Offer. You should check with such Intermediary to determine whether such
Intermediary will charge you a fee for tendering Notes on your behalf. You
should also confirm with the Intermediary the deadline by which you must
provide your tender instructions, because the relevant deadline set by such
Intermediary will be earlier than the deadline set forth herein. 
Quebecor Media has retained BofA Merrill Lynch and Citigroup to serve as dealer
managers for the Tender Offer, and Global Bondholder Services Corporation to
serve as the tender and information agent for the Tender Offer. 
For additional information regarding the terms of the Tender Offer, please
contact BofA Merrill Lynch at (888) 292-0070 (toll free) or (980) 388-3646
(collect), or Citigroup at (800) 558-3745 (U.S. toll free) or (212) 723-6106
(collect). Requests for a copy of the Offer to Purchase and the Letter of
Transmittal relating to the Notes, and questions regarding the tender of the
Notes may be directed to Global Bondholder Services Corporation at (866)
470-4200 (toll free) or (212) 430-3774 (collect).  
This announcement does not constitute an offer to buy or sell or the
solicitation of an offer to buy or sell securities in any jurisdiction, or in
any circumstances in which such offer or solicitation is unlawful. In those
jurisdictions where the securities laws require the Tender Offer to be made by
a licensed broker or dealer, the Tender Offer was deemed to be made by the
Dealer Managers or one or more registered brokers or dealers licensed under the
laws of such jurisdiction. The securities mentioned herein have not been and
will not be qualified for sale to the public under applicable Canadian
securities laws. 
About Quebecor Media 
Quebecor, a Canadian telecommunications, entertainment and news media leader,
is one of the best-performing integrated communications companies in the
industry. Driven by their determination to deliver the best possible customer
experience, all of Quebecor's subsidiaries and brands are differentiated
by their high-quality, multiplatform, convergent products and services.  
Quebecor (TSX:QBR.A)(TSX:QBR.B) is firmly based in Quebec. It holds a 75.36%
interest in Quebecor Media, which employs more than 15,000 people in Canada. 
A family business founded in 1950, Quebecor is strongly committed to the
community. Every year, it actively supports people working with more than 400
organizations in the vital fields of culture, health, education, the
environment and entrepreneurship.  
Visit our website: 
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Forward-Looking Statements 
This news release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation and "forward-looking
statements" within the meaning of United States federal securities
legislation (collectively, "forward-looking statements"). All
statements other than statements of historical facts included in this press
release, including statements regarding our industry and our prospects, plans,
financial position and business strategy, may constitute forward-looking
statements. These forward-looking statements are based on current expectations,
estimates, forecasts and projections about the industries in which we operate
as well as beliefs and assumptions made by our management. Such statements
include, in particular, statements about our plans, prospects, financial
position and business strategies. Words such as "may,"
"will," "expect," "continue," "intend,"
"estimate," "anticipate," "plan,"
"foresee," "believe" or "seek" or the negatives
of these terms or variations of them or similar terminology are intended to
identify such forward-looking statements. Although we believe that the
expectations reflected in these forward-looking statements are reasonable,
these statements, by their nature, involve risks and uncertainties and are not
guarantees of future performance. Such statements are also subject to
assumptions concerning, among other things: our anticipated business
strategies; anticipated trends in our business; and our ability to continue to
control costs. We can give no assurance that these estimates and expectations
will prove to have been correct. Actual outcomes and results may, and often do,
differ from what is expressed, implied or projected in such forward-looking
statements, and such differences may be material.  
Some important factors that could cause actual results to differ materially
from those expressed in these forward-looking statements include, but are not
limited to: general economic, financial or market conditions; the intensity of
competitive activity in the industries in which we operate, including
competition from alternative means of programs and content transmission; new
technologies that would change consumer behaviour toward our product suite;
unanticipated higher capital spending required or to address continued
development of competitive alternative technologies or the inability to obtain
additional capital to continue the development of our business; our ability to
implement successfully our business and operating strategies and manage our
growth and expansion; disruptions to the network through which we provide our
digital television, Internet access and telephony services, and our ability to
protect such services from piracy; labour disputes or strikes; changes in our
ability to obtain services and equipment critical to our operations; changes in
laws and regulations, or in their interpretations, which could result, among
other things, in the loss (or reduction in value) of our licenses or markets or
in an increase in competition, compliance costs or capital expenditures; our
substantial indebtedness, the tightening of credit markets, and the
restrictions on our business imposed by the terms of our debt; and interest
rate fluctuations that affect a portion of our interest payment requirements on
long-term debt. We caution you that the above list of cautionary statements is
not exhaustive. These and other factors could cause actual results to differ
materially from our expectations expressed in the forward-looking statements
included in this press release, and you are encouraged to read "Item 3.
Key Information - Risk Factors" as well as statements located elsewhere in
Quebecor Media's annual report on Form 20-F for the year ended December
31, 2013 for further details and descriptions of these and other factors. Each
of these forward-looking statements speaks only as of the date of this press
release. We will not update these statements unless applicable securities laws
require us to do so. 
Jean-Francois Pruneau
Senior Vice President and Chief Financial Officer
Quebecor Media
INDUSTRY:  Media and Entertainment - Books and Publishing, Media and
Entertainment - Information Services, Media and Entertainment - Movies/Music
Videos, Media and Entertainment - Music and Radio, Media and Entertainment -
-0- Apr/09/2014 14:03 GMT
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