Cable / Telecom News

Quebecor Media wants the Habs

MONTREAL - Quebecor Media announced Wednesday evening it has filed a formal offer to purchase the Montreal Canadiens hockey team and its properties. The offer has been approved by the Caisse de depot et placement du Quebec, co-shareholder with Quebecor of Quebecor Media. The Fonds de solidarite FTQ and Productions Feeling, Rene Angelil's management company, are supporting Quebecor Media's offer and contributing their complementary range of expertise to the bid. Angelil is also the husband and manager of megastar singer Celine Dion. According to other media outlets, there will be competition to buy the team from the Gillett family, the...