Attractive EV/EBITDA multiple compared to printing peers despite the fact that close to 40% of operating income was derived from Media assets in 2008

Market-leading newspaper outsourcing model with the potential for significant growth

Strong brands which enjoy a readership of more than 10 million per month, close to 3 million of whom are subscribers

Ability to generate significant cash flow from operations with an average of $287 million generated over the past three years

Strong balance sheet with a net debt to total capitalization ratio of 39% as at October 31, 2008

The information posted was accurate at the time of posting but may be superseded by subsequent disclosure.

The information on this website may contain certain forward-looking statements concerning the future performance of the Corporation. Such statements, based on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, many of which are beyond the Corporation's control.The risks, uncertainties and other factors that could influence actual results are described in Management's Discussion and Analysis for the fiscal year ended October 31, 2008 as well as the 2007 Annual Information Form.