Quebecor Media

Quebecor Media Inc.
Subsidiary
Industry Mass Media
Founded 2000
Headquarters Montreal, Quebec, Canada
Key people
 Pierre Dion, Chairman[1]
Pierre Karl Péladeau, President and CEO[2]
Products Cable television
Newspapers
Services Broadcasting
Film production
Publishing
Owners Quebecor (81%)
Capital d’Amérique Investissements (19%)
Divisions Groupe TVA
Website www.quebecor.com

Quebecor Media Inc. is a Canadian media company that owns a wide array of media outlets, as well as an internet service provider.

In August 2000, Quebecor Media bought Vidéotron for CA$ 4.9 billion. In May 2001, the Canadian Radio-television and Telecommunications Commission (CRTC) approved the transfer of broadcasting licenses from Vidéotron to Quebecor Media. Also in 2001, Quebecor Media bought Groupe TVA.

Quebecor Inc. owns the controlling interest of Quebecor Media with 81.1%, while CDP Capital d’Amérique Investissements Inc. (a subsidiary of Caisse de dépôt et placement du Québec, the provincial pension fund) owns the remaining 18.9%.[3] On May 8, 2018, Quebecor announced its intent to buy out the remainder of the Caisse's stake for $1.69 billion in cash and stock.[4]

Assets

Corporate governance

Board of directors:[1]

  • Pierre Dion, Chairman
  • Jean La Couture, Vice Chairman

See also

References

  1. 1 2 "Board of Directors". Québecor. Retrieved 2018-04-01.
  2. 1 2 "Pierre Karl Peladeau returns to Quebecor". BramptonGuardian.com. Retrieved 2018-04-01.
  3. ↑ "Quebecor buys back chunk of Quebecor Media stake from Caisse". The Globe and Mail. Retrieved 2018-04-01.
  4. ↑ "Quebecor strikes deal to buy out Caisse's stake for $1.69-billion". The Globe and Mail. Retrieved 2018-05-09.
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