Passing of Paul Desmarais: Quebecor Expresses its Condolences to the Family
October 09, 2013 --
MONTREAL, QUEBEC -- (Marketwired) -- 10/09/13 -- Following the passing of Paul Desmarais, the main shareholder of Power Corporation of Canada, Quebecor pays tribute to his many accomplishments and his business success.
"I salute the memory of this man of character, whose determination built one of Canada's few multinational corporations," said Pierre Karl Peladeau, Vice Chairman of the Board of Quebecor, Chairman of the Board of Quebecor Media and TVA Group, and Chairman of the Board of Hydro-Quebec. "Mr. Desmarais was also a great philanthropist who gave generously to major Quebec institutions. On behalf of Quebecor's management and all its employees, I wish to express my deepest sympathies to the Desmarais family."
Quebecor Inc. (TSX:QBR.A)(TSX:QBR.B) is a holding company with a 75.4% interest in Quebecor Media Inc., one of Canada's largest media groups, 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 telephony and mobile telephony. 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 segment, Quebecor Media Inc. operates, through TVA Group Inc., the number one French language conventional television network in Quebec, a number of specialty channels and, through Sun Media Corporation, the English-language SUN News 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 (Publications TVA Inc.), book publishing and distribution (Sogides Group Inc., CEC Publishing Inc.), the production, distribution and retailing of cultural products (Archambault Group Inc.), sporting and cultural event management (Event Management Gestev Inc.), video game development (BlooBuzz Inc.), DVD, Blu-ray disc and videogame rental and retailing (Le SuperClub Videotron ltee), the printing and distribution of community newspapers and flyers (Quebecor Media Printing Inc., Quebecor Media Network Inc.), outdoor advertising (Quebecor Media Out of Home), news content production and distribution (QMI Agency), and multiplatform advertising solutions (Quebecor Media Sales).
Vice President, Public affairs
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