Quebecor World Costly to Parent Company

MONTREAL—While faring well financially overall, Quebecor Inc. is expecting to absorb a non-cash net loss of as much as C$779 million for 2007 resulting from the struggles of Quebecor World. According to the Canadian Press, Quebecor Inc. CEO Pierre Karl Peladeau declined to say if he planned on retaining a stake in the printing company or invest additional capital when Quebecor World emerges from bankruptcy protection.