Quebecor further delays 2007 results

MONTREAL - Quebecor Inc. has announced that it will continue to delay the release of its consolidated financial statements for the year ended December 31, 2007. The delay in releasing its financial results is a result of the failure of its insolvent printing subsidiary Quebecor World Inc. to produce its own results. The print unit, also based in Montreal, has been under court-ordered bankruptcy protection since January.Quebecor Inc., which owns a majority stake in the Quebecor Media business and is controlling shareholder of Quebecor World, warned in February that it could post losses of up to $779 million resulting from...