Following the release this morning of the financial results of Quebecor World
Inc. for the 2007 financial year, Quebecor Inc. (TSX:QBR.A)(TSX:QBR.B) specifies
that Quebecor World is a legal entity distinct from Quebecor and Quebecor
World's announced net losses have no impact on Quebecor's liquidity.


On January 21, 2008, Quebecor World Inc. placed itself under the protection of
the Companies' Creditors Arrangement Act in Canada and Chapter 11 of the
Bankruptcy Code in the United States. As a result, Quebecor does not expect to
realize any future earnings on its investment in Quebecor World. Quebecor has
not secured Quebecor World's commitments, including its debt and advances under
its securitization programs. In accordance with generally accepted accounting
principles, Quebecor ceased consolidating the result of Quebecor World as of
January 21, 2008.


Quebecor Inc. plans to release its financial results for the 2007 financial year
and the results of its Quebecor Media subsidiary for the first quarter of 2008
during the week of May 5, 2008.


The Company

Quebecor Inc. (TSX:QBR.A)(TSX:QBR.B) is a holding company with interests in two
companies, Quebecor Media Inc. and Quebecor World Inc. Quebecor holds a 54.7%
interest in Quebecor Media, which owns operating companies in numerous
media-related businesses: Videotron Ltd., the largest cable operator in Quebec
and a major Internet Service Provider and provider of telephone and business
telecommunications services; Sun Media Corporation, the largest publisher of
newspapers in Canada; Quebecor MediaPages, a publisher of print and online
directories; TVA Group Inc., operator of the largest French-language
over-the-air television network in Quebec, a number of specialty channels, and
the English-language over-the-air station Sun TV; Canoe Inc., operator of a
network of English- and French-language Internet properties in Canada; Nurun
Inc., a major interactive technologies and communications agency with offices in
Canada, the United States, Europe and Asia; magazine publisher TVA Publishing
Inc.; book publisher and distributor Quebecor Media Book Group Inc.; Archambault
Group Inc. and TVA Films, companies engaged in the production, distribution and
retailing of cultural products, and Le SuperClub Videotron ltee, a DVD and
console game rental and retail chain. Quebecor World is a commercial print media
services company with operations in North America, Europe, Latin America and
Asia.
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