Quebec Ink

Quebecor and Pierre Karl Péladeau’s little succession problem

MONTREAL — The view is pretty good from Pierre Karl Péladeau’s office on the 13th floor of Quebecor’s headquarters in Montreal’s old financial district. The corporate outlook is perhaps even better. Quebecor remains an ever-churning online-newspaper-book-TV-movie content machine and the province’s reigning cultural clearinghouse—one underwritten by Videotron, its almost comically profitable internet and wireless outfit.

But as the man better known as PKP approaches his 61st birthday, he finds himself saddled with a pair of existential problems. First: Who among his family members, executive coterie and sizable brood could take over the reins of Quebecor, the company he has helmed (save for one notable interruption) since 1999? Second, and more existential still: What’s the future of this company his father Pierre Péladeau started in 1965 to become the most conspicuously fleur-de-lys-draped member of Quebec Inc.?

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