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Abstract
(CCNMatthews - Aug. 7, 2007) - Quebecor Media Inc. (TSX:QBR.A)(TSX:QBR.B) announced today that it will not be proceeding with the proposed offer it announced on June 1, 2007 to acquire all of the outstanding common shares of Nurun Inc. not already owned by it at a cash price of Cdn$4.55 per share. The independent committee of the Board of Directors of Nurun has indicated to Quebecor Media that the offer price proposed by Quebecor Media is inadequate and below the range of values for Nurun's common shares determined by the independent valuator retained by the independent committee, and that it believes a majority of the common shares of Nurun, excluding Nurun common shares held by Quebecor Media, are held by persons who will not accept Quebecor Media's proposed offer.