Quebecor Media Inc.
TSX : QBR.A
TSX : QBR.B

Quebecor Media Inc.

February 19, 2008 21:12 ET

Quebecor Media has Acquired 91.54 % of Nurun's Common Shares not Previously Held by It

MONTREAL, QUEBEC--(Marketwire - Feb. 19, 2008) - Quebecor Media Inc. announced today that, through its wholly-owned subsidiary, 4434943 Canada Inc., it has taken up and acquired an additional 5,396,221 common shares of Nurun Inc. (TSX:NUR), including shares deposited by guaranteed delivery. Together with the Nurun common shares taken up and acquired by Quebecor Media on February 15, 2008 and with the terms and conditions of the bid having been complied with, an aggregate of 14,640,550 Nurun common shares, representing 91.54 % of all such shares not previously held by Quebecor Media and its affiliates, have now been taken up and acquired by Quebecor Media pursuant to its offer to purchase for cash all of the issued and outstanding common shares of Nurun not previously held by it and its affiliates for a price of Cdn$4.75 per Nurun common share. Quebecor Media now owns, directly and indirectly, 96.20 % of all currently issued and outstanding Nurun common shares.

Payment for the Nurun common shares taken up and acquired by Quebecor Media on February 19, 2008 is expected to be made on or prior to February 22, 2008.

Quebecor Media intends, as soon as practicable, to acquire the remaining Nurun common shares by means of a statutory compulsory acquisition procedure under the applicable provisions of the Canada Business Corporations Act at the same price as the offer price.

Quebecor Media also intends, upon acquiring a sufficient number of Nurun common shares, to de-list the common shares from the Toronto Stock Exchange and to apply to the applicable Canadian securities regulatory authorities for an order deeming Nurun to no longer be a reporting issuer.

About Quebecor Media

Quebecor Media Inc., a subsidiary of Quebecor Inc., owns operating companies in numerous media-related businesses: Videotron Ltd., the largest cable operator in Quebec and a major Internet Service Provider and provider of telephone and business telecommunications services; Sun Media Corporation, Canada's largest national chain of tabloids and community newspapers; TVA Group Inc., operator of the largest French-language general-interest television network in Quebec, a number of specialty channels, and the English-language general-interest station Sun TV; Canoe Inc., operator of a network of English- and French-language Internet properties in Canada; Nurun Inc., a major interactive technologies and communications agency with offices in Canada, the United States, Europe and Asia; companies engaged in book publishing and magazine publishing; and companies engaged in the production, distribution and retailing of cultural products, namely Archambault Group Inc., the largest chain of music stores in eastern Canada, TVA Films, and Le SuperClub Videotron ltee, a chain of video and video game rental and retail stores.

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