TVA Group Inc. Announces Final Results of Substantial Issuer Bid

MONTREAL, CANADA ("TVA Group") announces the final results of its offer (the "Offer") to purchase for cancellation a total of 3,000,000 participating Class B non-voting shares (the "Class B Shares") at a fixed price of $17.00 per share, which expired on June 2, 2008 at 8:00 p.m. (Montreal time).

Based on the report provided by the depositary for the Offer, a total of 9,189,542 Class B Shares were deposited as at the expiration of the Offer. TVA Group has purchased for cancellation 3,000,000 Class B Shares (with adjustments for odd lot purchases and to avoid the purchase of fractional shares) at the purchase price of $17.00 per share for an aggregate purchase price of $51,000,000. As a result, shareholders who have deposited Class B Shares pursuant to the Offer will have approximately 32.6% of their deposited Class B Shares purchased for cancellation by TVA Group, subject to the odd lot and fractional share adjustments.

TVA Group and the depositary for the Offer expect that the final proration factor and exact number of Class B Shares to be taken up and paid for under the offer will be determined on or about June 4, 2008. Payment for Class B Shares tendered and accepted for purchase will be made on or before June 5, 2008. Return of Class B Shares not purchased because of proration or because they were invalidly deposited will be made as promptly as possible.

The Class B Shares repurchased for cancellation represent approximately 13.2% of TVA Group's outstanding Class B Shares before giving effect to the repurchase. After giving effect to the repurchase, there will remain outstanding 19,704,848 Class B Shares.

Important Income Tax Information for TVA Group Shareholders

As described in the Offer to Purchase and Issuer Bid Circular describing the Offer that was mailed to TVA Group's shareholders, TVA Group is hereby designating the entire amount of the deemed dividend arising from its purchase of Class B Shares under the Offer as an "eligible dividend" for purposes of the enhanced dividend tax credit pursuant to subsection 89(14) of the Income Tax Act (Canada) and any relevant provincial legislation of comparable effect. This notice meets the requirements of the Income Tax Act (Canada). Shareholders are urged to contact their own tax advisors if they have any questions with regard to the designation of the eligible dividends.

TVA Group Inc., a subsidiary of Quebecor Media Inc., is an integrated communications company involved in television, the production and distribution of audiovisual products, and in magazine publishing. TVA Group is one of the largest private sector producers and the largest private sector broadcaster of French-language entertainment, information and public affairs programming, and magazine publishing in North America. TVA also operates SUN TV, a general-interest station in Toronto. The Company's Class B Shares are listed on the Toronto Stock Exchange under the ticker symbol "TVA.B".

Contacts: TVA Group Inc. Denis Rozon, CA Vice-President and Chief Financial Officer 514-598-2808 www.tva.canoe.ca