Quebecor Media unaffected by Quebecor World's court protection from creditors: Peladeau

MONTREAL – Quebecor Media Inc. and its subsidiaries, which include Videotron and TVA, are not affected in any way by the decision of Quebecor World to seek court protection from creditors, Quebecor Inc. said Monday in a statement. Quebecor World is an independent company, distinct from the two other entities, and its current situation will have no effect on the normal, continuing operations of Quebecor Inc. and Quebecor Media Inc., stated the company in a media release. Quebecor Inc., the principal shareholder of Quebecor World, had hoped to avoid having to seek court protection, but the banks rejected the conditions...