|By Marketwired .||
|June 2, 2014 08:40 AM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 06/02/14 -- Quebecor Media announces that the sale of Sun Media Corporation's 74 Quebec 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 Quebec. 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
Vice President, Public Affairs
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