Sale of Sun Media's Quebec Weeklies Finalized
June 02 2014 - 8:40AM
Marketwired
Sale of Sun Media's Quebec Weeklies Finalized
MONTREAL, QUEBEC--(Marketwired - Jun 2, 2014) - Quebecor Media
announces that the sale of Sun Media Corporation's 74 Québec
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 Québec. 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
Martin TremblayVice President, Public AffairsQuebecor
Media514-380-1985martin.tremblay@quebecor.com
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