Videotron Ltd. Announces Closing of US$260 Million Senior Notes Offering

Videotron Ltd. today announced the closing of its offering and sale of US$260
million aggregate principal amount of its 9 1/8 % Senior Notes due 2018.
Videotron intends to use the proceeds of this offering to repay all drawings
under its senior secured credit facility and the remainder for general corporate
purposes. In the context of the current instability of the financial markets,
Videotron has seized the opportunity to optimize its liquidity position through
this offering.


This press release is not an offer of securities for sale in the United States.
The senior notes have not been registered under the United States Securities Act
or applicable state securities laws, and the senior notes may not be offered or
sold in the United States absent registration or an applicable exemption from
registration.  The notes have not been and will not be qualified for sale to the
public under applicable Canadian securities laws and, accordingly, any offer and
sale of the notes in Canada will be made on a basis which is exempt from the
prospectus and dealer registration requirements of such securities laws.


Videotron Ltd. (www.videotron.com), a wholly owned subsidiary of Quebecor Media
Inc., is an integrated communications company engaged in cable television,
interactive multimedia development, Internet access services, cable telephony
and wireless telephone service. Videotron is a leader in new technologies with
its illico interactive television system and its broadband network, which
supports high-speed cable Internet access, analog and digital cable television,
and other services. As of December 31, 2008, Videotron was serving 1,715,616
cable television customers, including 927,322 illico Digital TV subscribers.
Videotron is the Quebec leader in high-speed Internet access, with 1,063,847
subscribers to its cable modem service as of December 31, 2008. As of the same
date, Videotron had activated 63,402 lines on its wireless telephone service and
was providing cable telephone service to 851,987 Quebec households and
organizations.


Forward-Looking Statements

Statements contained herein relating to matters that are not historical facts
are forward-looking statements. These forward-looking statements are made
pursuant to the "Safe Harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements are based on
current expectations, estimates, forecasts and projections about the industries
in which we operate as well as beliefs and assumptions made by our management.
Such statements include, in particular, statements about our plans, prospects,
financial position and business strategies.  Words such as "may," "will,"
"expect," "continue," "intend," "estimate," "anticipate," "plan," "foresee,"
"believe" or "seek" or the negatives of these terms or variations of them or
similar terminology are intended to identify such forward looking statements. 
Although we believe that the expectations reflected in these forward-looking
statements are reasonable, these statements, by their nature, involve risks and
uncertainties and are not guarantees of future performance. Such statements are
also subject to assumptions concerning, among other things: our anticipated
business strategies; anticipated trends in our business; and our ability to
continue to control costs. We can give no assurance that these estimates and
expectations will prove to have been correct.  Actual outcomes and results may,
and often do, differ from what is expressed, implied or projected in such
forward-looking statements, and such differences may be material.  Some
important factors that could cause actual results to differ materially from
those expressed in these forward-looking statements are discussed in Videotron's
quarterly reports furnished to the SEC under cover of Form 6-K, including under
the section "Forward-looking statements" and are discussed in further detail in
Videotron's most recent Annual Report on Form 20-F for the fiscal year ended
December 31, 2007, including under the sections "Cautionary Statement Regarding
Forward-Looking Statements" and "Risk Factors." Videotron disclaims any
obligation to update these statements unless applicable securities laws require
us to do so.
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