Videotron Ltd. today announced the pricing of its offering of US$455 million
aggregate principal amount of its senior notes.  The new senior notes will be
sold at a price of 98.432% of par, will carry a coupon of 9?% and will mature on
April 15, 2018.


Videotron intends to use the proceeds of this offering to repay drawings under
its senior secured credit facility and for general corporate purposes.


Videotron also today announced that it has entered into amendments to its senior
secured credit facility pursuant to which commitments under the senior secured
credit facility have been increased to $575.0 million and the maturity of the
facility has been extended to April 2012.  Pursuant to these amendments,
Videotron will, subject to certain conditions, also be able to increase the
commitments under the senior secured credit facility by an additional $75.0
million (for aggregate commitments of $650.0 million).


This press release is not an offer of securities for sale in the United States.
The senior notes have not been registered under the United States Securities Act
or applicable state securities laws, and the senior notes may not be offered or
sold in the United States absent registration or an applicable exemption from
registration.  The notes have not been and will not be qualified for sale to the
public under applicable Canadian securities laws and, accordingly, any offer and
sale of the notes in Canada will be made on a basis which is exempt from the
prospectus and dealer registration requirements of such securities laws.


Videotron Ltd. (www.videotron.com), a wholly owned subsidiary of Quebecor Media
Inc., is an integrated communications company engaged in cable television,
interactive multimedia development, Internet access services, cable telephony
and wireless telephone service. Videotron is a leader in new technologies with
its illico interactive television system and its broadband network, which
supports high-speed cable Internet access, analog and digital cable television,
and other services.  As of March 31, 2008, Videotron was serving over 1,652,200
cable television customers in Quebec, including approximately 802,800 illico
Digital TV subscribers. Videotron is the Quebec leader in high-speed Internet
access, with approximately 965,300 subscribers to its cable modem service. As of
March 31, 2008, Videotron had activated 49,900 lines on its wireless telephone
service and was providing cable telephone service to nearly 691,600 Quebec
households and organizations.


Forward-Looking Statements

Statements contained herein relating to matters that are not historical facts
are forward-looking statements. These forward-looking statements are made
pursuant to the "Safe Harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. 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 are discussed in further
detail in Videotron's Annual Report on Form 20-F for the fiscal year ended
December 31, 2007, including under the sections, "Cautionary Statement Regarding
Forward-Looking Statements" and "Risk Factors." Videotron disclaims any
obligation to update these statements unless applicable securities laws require
us to do so.


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