Quebecor Inc.

Quebecor Inc.

March 12, 2011 18:31 ET

Jean Neveu, Chairman of the Board of Quebecor Inc. and TVA Group Inc., Passes Away: Pierre Karl Peladeau Pays Tribute to a Builder of Quebecor and Longtime Comrade-in-arms

MONTRÉAL, QUÉBEC--(Marketwire - March 12, 2011) - The management of Quebecor Inc. was deeply saddened to learn of the death of Jean Neveu during the night. At the time of his passing, Mr. Neveu was serving as, among other things, Chairman of the Board of Quebecor Inc. and of TVA Group Inc.

"Jean was one of the great builders of Quebecor," said Pierre Karl Péladeau, President and Chief Executive Officer of Quebecor, Quebecor Media and Sun Media Corporation. "All his friends knew him as a man of tremendous integrity and forthrightness. One of a handful of pioneers responsible for Quebecor's success, he was still very much involved in developing strategy and advising senior management. I thank him and I pay tribute, as my father would have done in his day, to Jean's passion, loyalty and dedication to the success of the Quebec institution that Quebecor has become during the past 40 years of growth. His insight and flair, his legendary efficiency and inborn business sense will be missed terribly. His death is a loss for the entire Québec business community."

"On behalf of my brothers and sisters and the entire Quebecor family, Julie and I offer our heartfelt condolences to Jean's wife, Doris Guérette Neveu, his children Marie-Josée, Louis-Philippe and Émilie, and his entire family. I can tell you we will all miss Jean just as you will."

Jean Neveu had been a director of Quebecor Inc. since 1988, a director of TVA Group Inc., and Chairman of its Board since November 2001. He joined Quebecor in 1969 as Controller and occupied several management positions before leaving the Company in 1979 to become part of a major publishing house and magazine distributor. In 1988, he returned to Quebecor to serve as Vice-President, Dailies, and then Senior Vice-President. When Quebecor Printing Inc. was created in January 1989, Jean Neveu was appointed President and Chief Executive Officer, a position he held until December 1997 when he was appointed Chairman of the Board, a position in which he continued to serve until 2002. In December 1997, he became President and Chief Executive Officer of Quebecor Inc., a position he held until April 1999, when he was appointed Chairman of the Board of Quebecor Inc. From March 2003 until March 2004, Mr. Neveu also served as interim President and Chief Executive Officer of Quebecor World Inc. He was an active member of a number of social organizations. Mr. Neveu also sat on the Board of Directors of Quebecor Media Inc.

The Company

Quebecor Inc. (TSX:QBR.A)(TSX:QBR.B) is a holding company with a 54.7% interest in Quebecor Media Inc., one of Canada's largest media groups. Quebecor Media Inc. owns operating companies in numerous media-related businesses: Videotron Ltd., an integrated communications company engaged in cable television, interactive multimedia development, Internet access services, cable telephone service and mobile telephone service; Sun Media Corporation, the largest publisher of newspapers in Canada; Canoe Inc., operator of a network of English- and French-language Internet properties in Canada; TVA Group Inc., operator of the largest French-language over-the-air television network in Québec, a number of specialty channels, and the English-language over-the-air station Sun TV; Nurun Inc., a major interactive technologies and communications agency with offices in Canada, the United States, Europe and Asia; magazine publisher TVA Publishing Inc.; book publishers and distributors Sogides Group Inc. and CEC Publishing Inc.; Archambault Group Inc. and TVA Films, companies engaged in the production, distribution and retailing of entertainment products; Le SuperClub Vidéotron ltée, which rents and retails DVDs, Blu-ray discs and console games; and Quebecor MediaPagestm, a publisher of print and online directories.

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