Press Releases

Yellow Media Obtains Safeguard Order

Montreal (Quebec), September 19, 2012 — Yellow Media Inc. (TSX: YLO) announced today that, as a result of the hearing for the final approval of its proposed recapitalization by the Québec Superior Court having been set to begin on October 15, 2012, the Court has granted an order suspending Yellow Media's obligation to pay any principal or interest or any similar payment accruing on or after September 30, 2012 under its existing credit facilities and medium term notes. Accordingly, the $25 million principal repayment due October 1, 2012 under Yellow Media's existing credit facilities will not be paid.

Residential Phone Directories Distributed Only by Request in Seventeen Canadian Cities

Montreal (Quebec), September 14, 2012 – Yellow Pages Group (YPG) announced today that residential phone directories, which are used to find personal telephone numbers, will no longer be automatically distributed in 17 more Canadian cities, namely Ajax, Oshawa, London, Burlington, Hamilton, Brampton, Mississauga, Oakville, Kitchener–Waterloo, Markham, Newmarket, Richmond Hill, Barrie, Windsor, Montreal West, the Montreal South Shore and Laval.

Yellow Media Updates Timing for Completion of Recapitalization

Montreal (Quebec), September 10, 2012 — Yellow Media Inc. (TSX: YLO) announced today that, following the approval of the recapitalization by the requisite majority of the Company's debtholders and shareholders at their respective meetings held on September 6, 2012, the hearing for the final approval of the recapitalization by the Québec Superior Court has been set by the Court to begin on October 15, 2012.

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.