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Press release from Marketwire

Fabi Incident-COGECO Diffusion Apologizes

Monday, November 26, 2012

Fabi Incident-COGECO Diffusion Apologizes13:44 EST Monday, November 26, 2012MONTRÉAL, QUÉBEC--(Marketwire - Nov. 26, 2012) - 98.5 fm Radio broadcasts on week-days a show called "Fabi la nuit". On Wednesday, November 21, during a call-in segment, a listener uttered unacceptable comments regarding the Jewish population and the Holocaust. The on-air host, Jacques Fabi, failed his obligation to observe and enforce the codes of ethics of the industry and of COGECO Diffusion in the circumstances. Senior Management of COGECO Diffusion offers its apologies for the inappropriate comments made on air, as they are fundamentally contrary to the applicable rules. COGECO Diffusion confirms that it has suspended its on-air host, Jacques Fabi, without pay for a period of one month, effective on the date of the incident which occurred on November 21. "COGECO Diffusion and 98.5 fm do not endorse in any way these comments and deplore, without reservation, the on-air host's lack of judgment in this case. The measures taken reflect the seriousness of the incident as well as COGECO Diffusion's duty to demand the respect of its code of ethics. Jacques Fabi is an experienced radio personality with a solid reputation in the business and he deeply regrets the incident as expressed in his personal apology letter published today," said Richard Lachance, Senior Vice President, COGECO Diffusion.ABOUT COGECO DIFFUSIONCOGECO Diffusion, one of Québec's largest radio broadcasters, is a subsidiary of COGECO Inc., a diversified communications company with subordinate voting shares listed on the Toronto Stock Exchange (TSX:CGO). COGECO Diffusion operates thirteen (13) radio stations across Québec including: Rythme FM, CKOI FM, 98.5 fm, 92.5 The Beat and Radio Circulation 730 AM in Montréal; FM 93 and 102.9 FM in Québec City; CIME FM in Saint-Jérôme; Rythme FM and 107.7 fm Sherbrooke as well as Rythme FM and 106.9 fm Trois-Rivières and 104.7 fm Outaouais. COGECO Diffusion also owns Cogeco Métromédia outdoor.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: David CreteDirector, Communications and MarketingCOGECO Diffusion(514) 787-7848david.crete@cogecodiffusion.com