Quebec City Multipurpose Arena Takes a Decisive Step Forward
March 25 2012 - 1:30PM
Marketwired
Quebecor Media Inc. and the City of Quebec today saw the Quebec
City multipurpose arena take a decisive step forward with the
completion of the building's technical and functional program.
"There are no more obstacles, no more way out and no more
uncertainty. What was once only a project today really starts to
take form," said Pierre Karl Peladeau, president and CEO of
Quebecor, Quebecor Media and Sun Media Corporation during a press
conference held in Quebec City with Treasury Board president
Michelle Courchesne and Quebec City Mayor Regis Labeaume.
Construction work will get underway this September, leading to
the inauguration of a modern and functional 18,000-seat arena on
the grounds of the Quebec City hippodrome in September 2015.
The choices and innovative solutions brought forward by the
architects, engineers and experts working on the project will
insure that the Quebecor Media-managed arena will have all the
necessary features to become a choice venue for shows, sports and
cultural events, while also being a major source of pride for
citizens of Quebec City and Quebec as a whole.
"Throughout construction and for the next twenty-five years,
Quebecor Media intends to work with Quebec City residents and
businesses, along with municipal and provincial governments to make
sure this arena is an economic, cultural and sport success that
will help Quebec City and the talents of its citizens shine for
many years to come," added Mr. Peladeau.
In addition to the already announced sums that Quebecor Media
will be paying for rent, profit-sharing and naming rights, the
company will also inject an additional 30 to 40 million dollars to
fit-out parts of the building for exclusive use, including all the
furniture and technical equipment related to this space. This will
notably include a 350 square meters television production studio
and a production console that will be major differentiation factors
for the Quebec multipurpose arena.
Quebecor Media Inc.
Quebecor Media Inc. is a subsidiary of Quebecor Inc. (TSX:QBR.A)
(TSX:QBR.B), one of Canada's most important holding company
operating in the telecommunications and media businesses. With more
than 16,000 employees, Quebecor Media Inc., through its subsidiary
Videotron Ltd., is an integrated communications company engaged in
cable television, interactive multimedia development, Internet
access services, cable telephone services and mobile telephone
services. Through Sun Media Corporation, Quebecor Media Inc. is the
largest publisher of newspapers in Canada. It also operates
Canoe.ca and its network of English and French language Internet
properties in Canada. In the broadcasting sector, Quebecor Media
Inc. operates, through TVA Group Inc., the number one French
language general interest television network in Quebec, a number of
specialty channels and the SUN News English language channel.
Another subsidiary of Quebecor Media Inc., Nurun Inc., is a major
interactive technologies and communications agency with offices in
Canada, the United States, Europe and Asia. Quebecor Media Inc. is
also active in magazine publishing (TVA Publishing Inc.), book
publishing and distribution (Sogides Group Inc. and CEC Publishing
Inc.), the production, distribution and retailing of cultural
products (Archambault Group Inc. and TVA Films), video game
development (BlooBuzz Studios, L.P.), DVD, Blu-ray disc and
videogame rental and retailing (Le SuperClub Videotron Ltd), the
printing and distribution of regional newspapers and flyers
(Quebecor Media Printing Inc. and Quebecor Media Network Inc.),
news content production and distribution (QMI Agency),
multiplatform advertising solutions (QMI Sales) and the publishing
of printed and online directories, through Quebecor
MediaPages(TM).
Contacts: Source: J. Serge Sasseville Vice-President, Corporate
and Institutional Affairs Quebecor Media Inc.
514-380-1864serge.sasseville@quebecor.com For more information,
please contact: Martin Tremblay Special Advisor to the President
Quebecor Media Inc. 514-290-8987martin.tremblay@quebecor.com
Quebecor (TSX:QBR.A)
Historical Stock Chart
From Jun 2024 to Jul 2024
Quebecor (TSX:QBR.A)
Historical Stock Chart
From Jul 2023 to Jul 2024