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THE BOARD OF DIRECTORS OF QUEBECOR AUTHORIZES A 2 FOR 1 SPLIT OF QUEBECOR'S SHARES

            THE BOARD OF DIRECTORS OF QUEBECOR AUTHORIZES
                 A 2 FOR 1 SPLIT OF QUEBECOR'S SHARES
     MONTREAL, Jan. 15 /PRNewswire/ - Quebecor Inc. (AMEX: PQB) announces that at a meeting held today, the board of directors of the company authorized a 2 for 1 split of its Class A shares (multiple voting shares) and Class B subordinate voting shares.
    Accordingly, shareholders of record as of the close of business on Jan. 30, 1992 will be provided with an additional share certificate representing a number of shares equal to the number of shares they held at such date.  Trading on the shares on a split basis will commence on the Canadian market at the opening of business on Friday, Jan. 24, 1992 and on the U.S. market on a "when issued" basis on Jan. 24, 1992, as well.
    The Class A shares (multiple voting shares) of Quebecor Inc. are listed on the Montreal Exchange, the Toronto Stock Exchange and the American Stock Exchange.  The Class B subordinate voting shares are listed on the Montreal and Toronto Stock Exchanges.
    Quebecor Inc., a continent wide communications company, is active in the publishing sector with 4 dailies, 50 weeklies, 6 monthlies, 11 magazines and numerous specials as well as books.  It is also involved in publications and records distribution and retail.  With its 56 printing and specialized plants across Canada and the United States, the company is the second largest commercial printer in North America. Through its subsidiary Mircor Inc., its activities also comprise forest products.
   -0-                       1/15/92
   /CONTACT:  Francois R. Roy, vice president-finance and treasurer of Quebecor, 514-877-9777/
    (PQB) CO:  Quebecor Inc. ST:  Quebec IN:  PUB SU: SM -- NY069 -- 0078 01/15/92 14:37 EST
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Publication:PR Newswire
Date:Jan 15, 1992
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