Hey there, time traveller!
This article was published 3/5/2016 (2207 days ago), so information in it may no longer be current.
MONTREAL - Pierre Karl Peladeau's decision to quit politics is fuelling speculation he will return to the day-to-day activities of running Quebecor Inc (TSX:QBR.B). Here are five things to know about the company:
— — —
Origins: Pierre Peladeau, Pierre Karl's father, founded Quebecor in 1965 after launching Le Journal de Montreal a year earlier. The paper would go on to become its flagship publication.
— — —
Failure: Quebecor made its first foray into the U.S. market in 1977 when it launched the Philadelphia Journal. The newspaper lasted four years.
— — —
English Canada: Quebecor bought the Winnipeg Sun in 1983, about 15 years before it acquired Sun Media Corp. in a deal that enabled it to have a presence in eight of Canada's 10 largest urban markets.
— — —
Success: Quebecor and the Caisse de depot acquired the Videotron cable company in October 2000, launching the company's foray into cable, telephone and the Internet industry. Videotron would become a Quebecor cash cow.
———
Succession: Pierre Peladeau died in 1997 and left the company to his heirs. Pierre Karl was named president and CEO in 1999. He resigned in 2013 and went on to run for the Parti Quebecois in the 2014 election and become party leader a year later. He remains Quebecor's controlling shareholder.
Source: Quebecor.
Source: Quebecor