Bill Doskoch: Media, BPS*, Film, Minutiae

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Quebecor snaps up Osprey

From TheStar.com:

Quebecor Media Inc. said late Thursday it's buying Osprey Media Income Fund for a total enterprise value of about $516.9 million.

Quebecor Media, a wholly owned subsidiary of Quebecor Inc. (TSX: QBR.A), said it will pay $7.25 per unit, which represents a total equity value of Osprey Media of $355.5 million. …

Osprey Media Income Fund (TSX: OSP.UN) owns 54 Canadian newspapers including such titles as the St. Catharines Standard, the Kingston Whig-Standard and the Peterborough Examiner. It also owns magazines and specialty publications but derives most of its revenues from its newspapers.

Quebecor Media owns Sun Media Corp., which has a national chain of tabloids and community newspapers; TVA Group Inc., operator of the largest French-language conventional television network in Quebec, a number of specialty channels, and the English-language Sun TV.

Fri, June 1 2007 » Main Page