Videotron Ltd. today announced the pricing of its offering of C$300M aggregate
principal amount of its senior notes due 2020.  The new senior notes will be
sold at par, will carry a coupon of 7 1/8 % and will mature on January 15, 2020.
Videotron intends to use the proceeds of this offering to repay the drawings
under its senior secured credit facility and the remainder for general corporate
purposes.


Quebecor Media Inc. today also announced that it has given notice of its
intention to prepay drawings under its term loan B credit facility in an
aggregate amount of US$170M, with such prepayments expected to be effected on or
around January 14, 2010.  Quebecor Media has also formally sought the approval
of its credit agreement lenders to extend the maturity date of its C$100M
revolving credit facility from January 2011 to January 2013 and to obtain
certain other favourable amendments to the covenants contained in its credit
facilities.


This press release is not an offer to sell or the solicitation of an offer to
buy securities in any jurisdiction.  The senior 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.  The senior notes have not been registered under the
United States Securities Act of 1933 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.


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 December 31, 2009, Videotron was serving 1,777,000
cable television customers, including 1,084,100 subscribers to illico Digital
TV. Videotron is also the Quebec leader in high-speed Internet access, with
1,170,600 subscribers to its cable modem service as of December 31, 2009. As of
the same date, Videotron had activated 82,800 handsets on its wireless telephone
service and was providing cable telephone service to 1,014,000 Quebec households
and organizations. For the fourth consecutive year, Videotron was been named
Quebec's most respected telecommunications company by Commerce magazine, based
on a Leger Marketing survey.


Quebecor Inc. (TSX:QBR.A)(TSX:QBR.B) is a holding company with a 54.7% interest
in Quebecor Media Inc, one of Canada's largest media groups. Quebecor Media owns
operating companies in numerous media related businesses: Videotron Ltd., an
integrated communications company engaged in cable television, interactive
multimedia development, Internet access services, cable telephony and wireless
telephone service; Sun Media Corporation, the largest publisher of newspapers in
Canada; Canoe Inc., operator of a network of English  and French language
Internet properties in Canada; Quebecor Media Network, provider of flyer
printing and distribution services; 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; 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
publishers and distributors Sogides Group Inc. and CEC Publishing Inc.;
Archambault Group Inc. and TVA Films, companies engaged in the production,
distribution and retailing of cultural products; Le SuperClub Videotron ltee, a
DVD and console game rental and retail chain; and Quebecor MediaPages, publisher
of print and online directories.


Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
Section 27A of the United States Securities Act of 1933, as amended, and Section
21E of the United States Securities Exchange Act of 1934, as amended, and
forward-looking information within the meaning of National Instrument 51-102
Continuous Disclosure Obligations in Canada (collectively, "forward-looking
statements"). All statements other than statements of historical facts included
in this press release, including statements regarding 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: our ability to successfully build and deploy our new wireless services
network on the timeline we are targeting and to implement successfully our
strategy of becoming a facilities-based wireless provider; 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; unanticipated higher capital spending
required 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 the section entitled "Risk Factors" of Videotron's annual
report on Form 20-F for the year ended December 31, 2008 as well as the section
entitled "Risks and Uncertainties" in the Management Discussion and Analysis
report for the year ended December 31, 2008 prepared by Quebecor Inc. for
further details and descriptions of these and other factors. Each of these
forward-looking statements speaks only as of the date of this offering
memorandum. We will not update these statements unless applicable securities
laws require us to do so.
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