QUEBECOR MEDIA INC.

 The media empire of right wing anti-union anti-CBC  and potential PQ leader, Pierre-Karl Péladeau who repeatedly reminds us that he is the voice of free market capitalism except the Quebercor is not a private business, it is owned by shareholders and investment funds, including the Quebec pension fund Caisse de depot et placement du Quebec'

Sun Media acquisition to 'create a stronger Canadian media platform'

Yaghi said Quebecor could use the proceeds to invest in a national wireless platform, or possibly buy back, in part, Caisse de depot et placement du Quebec's stake in subsidiary Quebecor Media Inc.

Quebecor frees up flexibility for potential wireless push, analysts say 

Quebecor’s majority shareholder and former head Pierre-Karl Péladeau spent much of the past decade building his company’s print media empire across the country. In 2007, the company spent $414-million to defeat Torstar Corp. in a contentious auction to buy Osprey Media, which owned 54 publications across Ontario, and made Quebecor the largest newspaper publisher in Canada at the time. This week’s sale of its English-language assets marks a retreat back to its home province, and highlights the company’s increasing focus on its more lucrative telecommunications business.
“We believe this divestiture provides Quebecor with additional balance sheet flexibility should the company pursue national wireless expansion,” he added, noting the company also wants to acquire the remaining 25-per-cent stake in its subsidiary Quebecor Media, owned by the Caisse de dépôt et placement du Québec by 2019. 


Postmedia, Quebecor and what's involved in the media deal

Quebecor:
Founded: 1950, Quebecor Media subsidiary in 2000
Market capitalization: $2.4 billion
Ownership: Beutel, Goodman and Co. 16.4 per cent, Letko Brosseau Investment Management 9.99 per cent, Caisse de depot et placement du Quebec 5.42 per cent, Manulife Asset Management 4.05 per cent.
Employees: More than 15,000, of which 2,400 to be transferred to Postmedia
Holdings: Include 43 daily newspapers and over 250 community weekly newspapers including 24 Hours, Barrie Examiner, Belleville Intelligencer, Brantford Expositor, Brockville Recorder and Times, Calgary Sun, Chatham Daily News, Cobourg Daily Star, Cornwall Standard Freeholder, The Delhi News-Record, Grande Prairie Daily Herald-Tribune, Daily Miner and News (Kenora), Edmonton Sun, Fort McMurray Today, Kingston Whig-Standard, Le Journal de Montreal, Le Journal de Quebec, London Free Press, Niagara Falls Review, North Bay Nugget, Northern News, Orillia Packet and Times, Ottawa Sun, Owen Sound Sun Times, Pembroke Daily Observer, Peterborough Examiner, Port Hope Evening Guide, Portage La Prairie Daily Graphic, Stratford Beacon-Herald, St. Catharines Standard, St. Thomas Times-Journal, Sarnia Observer, Sault Star, Simcoe Reformer, Sudbury Star, Tillsonburg News, Timmins Daily Press, Toronto Sun, Trenton Trentonian, Welland Tribune, Winnipeg Sun, Woodstock Sentinel-Review
Other holdings: TVA Group, Videotron, Canoe, Quebecor Media Book Group, Archambault stores, Distribution Select, Le SuperClub Videotron movie rental stores, Gestion Studios B (broadcasting, publishing & production)