Press Releases

Yellow Media Inc.’s Proposed Recapitalization Transaction Receives TSX Conditional Approval

Montreal (Quebec), September 7, 2012 — Yellow Media Inc. (TSX: YLO) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has conditionally approved the issuance (the “Issuance”) and the listing of up to 48,179,730 new common shares of Yellow Media Ltd. (the “New Common Shares”) issuable pursuant to Yellow Media’s previously announced proposed recapitalization transaction (the “Recapitalization”) to be implemented pursuant to a plan of arrangement (the “Plan of Arrangement”) under the Canada Business Corporations Act. The 48,179,730 New Common Shares approved for listing represent both the New Common Shares issuable pursuant to the ...

Yellow Media's Debtholders and Shareholders Approve Recapitalization

Montreal (Quebec), September 6, 2012 — Yellow Media (TSX: YLO) announced today that its proposed recapitalization has been approved by the requisite majority of its debtholders and shareholders at their respective meetings, both of which were held earlier today in Montréal.

Yellow Media Amends Proposed Recapitalization

Montreal (Quebec), September 4, 2012 — Yellow Media Inc. (TSX: YLO) announced today that, in connection with its proposed recapitalization, it has amended the plan of arrangement to be considered and voted upon by the Company's debtholders and shareholders at the meetings scheduled to be held this coming Thursday, September 6, 2012.

Yellow Media Announces Proposed Nominees to New Board of Directors

Montréal (Québec), August 31, 2012 — Yellow Media Inc. (TSX: YLO) announces today the nominees that are proposed to be elected as part of its previously announced plan of arrangement and recapitalization. The following individuals will be appointed to the new Board of Directors of the company upon the plan of arrangement and recapitalization becoming effective, which is expected to occur by September 30, 2012, and will succeed to the current Board of Directors of the company:

Yellow Media Withdraws Amendment to Debtholders' Arrangement Resolution

Montréal (Québec), August 31, 2012 — Yellow Media Inc. (TSX: YLO) announces today that, following an application by the administrative agent under the Company's senior unsecured credit facilities and by certain holders of its convertible unsecured subordinated debentures, the Superior Court of Québec has decided that the amendment to the debtholders' arrangement resolution previously announced by the Company on August 28, 2012 is not necessary, and that it not be submitted to the vote of debtholders in connection with the proposed recapitalization. As a result, Yellow Media is withdrawing the amendment and, at the meeting of debtholders ...

Yellow Media Amends Debtholders' Arrangement Resolution

Montreal (Quebec), August 28, 2012 — Yellow Media Inc. (TSX: YLO) announces today that, in connection with the meetings of its debtholders and shareholders to be held September 6, 2012, it has amended the arrangement resolution to be voted upon by debtholders to approve the proposed recapitalization of Yellow Media.

Yellow Media Reminds Holders of Securities to Vote for the Plan of Arrangement and Recapitalization

Montréal (Québec), August 23, 2012 — Yellow Media Inc. (TSX: YLO) wishes to remind its debtholders and shareholders that meetings will be held at the Palais des congrès, 1001 Place Jean-Paul-Riopelle, Room 510, Montreal, Québec, H2Z 1H5, on September 6, 2012 for purposes of voting on the proposed recapitalization.

Yellow Media Inc. Reports Second-Quarter 2012 Financial Results

  • Company proposes a recapitalization transaction to reduce total debt, improving its maturity profile and allowing the Company to pursue its business transformation
  • Continued progress on Yellow Media’s 360° Solution strategy, with digital revenues now representing 31% of total revenues
  • Company reports net earnings of $67.7 million for the quarter

Montreal (Quebec), August 9, 2012 — Yellow Media Inc. (TSX: YLO) released its financial results today for the second quarter ended June 30, 2012. The Company continues to make progress towards its ongoing business transformation, and has proposed a recapitalization transaction (the “Recapitalization”) to address the Company’s capital structure ...

Yellow Media Inc. Mails Management Proxy Circular for Meetings to Approve the Recapitalization

Montreal (Quebec), August 3, 2012 — Yellow Media Inc. (TSX: YLO) announced today that it has initiated the mailing of the management proxy circular (the "Circular") with respect to the proposed recapitalization transaction announced on July 23, 2012 (the "Recapitalization”). The Circular contains extensive details on the Recapitalization and certain related matters, including the voting procedures. The Circular is also available on the Company's website at corporate.yp.ca and has been filed on SEDAR at www.sedar.com .

Yellow Media Inc. Announces 2012 Second Quarter Results Release Date

Conference Call with Analysts at 9:30 a.m. (Eastern Time)

Montreal (Quebec), August 2, 2012 – Yellow Media Inc. announces that it will issue its 2012 second quarter results, for the period covering April 1 to June 30, 2012 on August 9, 2012. A conference call will be held on the same day at 9:30 a.m. (Eastern Time) to discuss the results.