Newhouse Strategic Counsel Inc.

September 25, 2010 08:00 ET

BV! Media Inc. Minority Shareholders Repeat Request for Delay of September 29th, 2010 Special Shareholder Meeting to Allow for an Alternative Bid from a Major North American Media Player

That party is prepared to begin its work immediately. Minority shareholders set up acquisition committee to expedite process and invite one member of BV! Media board to assist.

MONTREAL, QUEBEC--(Marketwire - Sept. 25, 2010) - A group of shareholders representing a significant portion of the investor base of BV! Media (the "BV! Media Shareholder Group") have sent a second letter repeating its request that BV! Media Inc. delay the Special Shareholder meeting, slated for September 29th, 2010 by 60 days in order to allow for another bid. This is a follow up press release subsequent to one made one week ago, and subsequent to BV! Media's response shortly after, which consisted of reconfirming that the meeting would go ahead as planned and offering standard comments about how it had covered its legal requirements. The BV! Media Shareholder Group respectfully and vigorously disagree, and again points out that the management and the board have a fiduciary obligation to all stakeholders, and not only those who make up key management. Delaying the Special Shareholder meeting of September 29th, 2010 is the only reasonable course of action if considering all stakeholders.

As previously mentioned, The BV! Media Shareholder Group is aware of outside interest and additional time is required. What can be added here that is new is that this outside interest is serious and credible, and coming from a major North American Media company. This alternative bid would be at a significant premium to the current bid, given that the party in question has the opportunity to do its work, which will require not more than 60 days. This party is prepared to begin its work immediately. The BV! Media Shareholder Group has set up an internal acquisition committee to expedite the process and will invite one already identified member of the Board of Directors of BV! Media to join this committee.

Please refer to the previous press release dated Friday, September 17th, 2010 for additional background.

If there are any questions please address all enquiries to:

John Mavridis, Legal Counsel

Newhouse Strategic Counsel inc.


About BV! Media Shareholder Group.

BV! Media Shareholder Group is made up of shareholders who are also investors, whether by investing in the company directly or purchasing shares in the open market (close to 70% of the shares in BV! Media were granted at no cash cost, primarily to management). In aggregate, the BV! Media Shareholder Group represents a significant portion of investors. This group has been involved with the company since its beginnings and for over 10 years. Many in the group have backgrounds in the investment industry. In addition, the group played very proactive roles throughout and was responsible for some critical developments, including a transaction that solidified BV! Media Inc.'s ranking as the number one network in French Canada and transformed it into a credible national player. The BV! Media Shareholder Group has always been patient and constructive - driven by the desire to do what is in the best interest of all shareholders, which includes investors.

About BV! Media Inc.

BV! Media is a leading Canadian Internet advertising network, representing exclusively over 400 top-tier publishers with a combined reach of over 15 million unique visitors per month in Canada, and the publisher of the BRANCHEZ-VOUS! news and information portal.

BV! Media is listed on the TSX Venture Exchange under the symbol BVM and has approximately 60.5 million shares outstanding. Additional information on the Corporation can be obtained on SEDAR and at

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The contents of this release are the sole responsibility of the BV! Media Shareholders Group.

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