Sale of Sun Media's Quebec Weeklies Finalized
MONTREAL, QUEBEC -- (Marketwired) -- 06/02/14 -- Quebecor Media
announces that the sale of Sun Media Corporation's 74 Quebec weeklies
to TC Media for $75 million, announced on December 5, 2013, has been
closed. The closing follows Competition Bureau clearance of the
transaction last week, accompanied by certain conditions to be
fulfilled by the acquirer.
As it turns the page on an important part of its history, Quebecor
Media thanks all the employees who contributed to these publications
and wishes them continued professional success.
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: www.quebecor.com
Follow us on Twitter: twitter.com/QuebecorMedia
Vice President, Public Affairs
Press spacebar to pause and continue. Press esc to stop.