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Press release from Marketwire

Yellow Media Inc. announces the Declaration of the Quarterly Dividend on the First Preferred Shares Series 1, 2, 3 and 5

Thursday, November 03, 2011

Yellow Media Inc. announces the Declaration of the Quarterly Dividend on the First Preferred Shares Series 1, 2, 3 and 508:00 EDT Thursday, November 03, 2011MONTREAL, QUEBEC--(Marketwire - Nov. 3, 2011) -Yellow Media Inc. (TSX:YLO) announced today the approval of the following payments:Quarterly cash dividend of $0.26563 per First Preferred Shares, Series 1 (TSX: YLO.PR.A) Quarterly cash dividend of $0.31250 per First Preferred Shares, Series 2 (TSX: YLO.PR.B) Quarterly cash dividend of $0.42188 per First Preferred Shares, Series 3 (TSX: YLO.PR.C) Quarterly cash dividend of $0.43125 per First Preferred Shares, Series 5 (TSX: YLO.PR.D)The quarterly cash dividend payments are payable on December 28, 2011 to shareholders of record at the close of business on December 14, 2011.The dividends are designated as eligible dividends for the purposes of section 89 of the Income Tax Act (Canada) and any provision of any similar provincial and territorial legislation.About Yellow Media Inc.Yellow Media Inc. (TSX:YLO) is Canada's #1 Internet company through its network of companies that include Yellow Pages Group and Canpages. Yellow Media Inc. owns and operates some of Canada's leading properties and publications including Yellow Pages™ directories, YellowPages.ca™, Canada411.ca™, RedFlagDeals.com, and LesPAC.com. Its online destinations reach approximately 9.4 million unique visitors monthly and its mobile applications for finding local businesses and deals have been downloaded over 3 million times. Yellow Media Inc. is also a leader in national digital advertising through Mediative, a digital advertising and marketing solutions provider to national agencies and advertisers. For more information, visit www.ypg.com.FOR FURTHER INFORMATION PLEASE CONTACT: Hind OunisMediaDirector, Communications(514) 934-2097hind.ounis@ypg.comORAnne-Sophie RoyInvestor RelationsTreasurer(514) 934-2828anne-sophie.roy@ypg.com