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Dispatches from 2001
Posted on May 30
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CANOE, meet NetGraphe
Pierre Karl Peledeau's foray into convergence occured just as the markets peaked, and the move has left Quebecor $7 billion in debt. While the printing operations are in the black, the new media divison is $1.5 billion in the red, leaving Quebecor struggling to make payments. And on the heels of merging NetGraphe with CANOE in a bizarre reverse-IPO, the company's top brass are paying the Toronto troops a visit tomorrow.