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 
MONTREAL, QUEBEC -- (Marketwired) -- 04/09/14 -- 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
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amount of the Notes had been validly tendered and not withdrawn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withdrawn pursuant to the Tender Offer at or prior to the Early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
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: 
Follow us on Twitter: 
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
Press spacebar to pause and continue. Press esc to stop.