NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Quebecor Media Inc.
TSX SYMBOL: QBR.A
TSX SYMBOL: QBR.B
JUNE 2, 2014
Sale of Sun Media's Quebec Weeklies Finalized
MONTREAL, QUEBEC--(Marketwired - June 2, 2014) - 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
FOR FURTHER INFORMATION PLEASE CONTACT:
Vice President, Public Affairs
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- Jun/02/2014 12:40 GMT
Press spacebar to pause and continue. Press esc to stop.