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Press release from Marketwire

Yellow Media Announces CEO Transition

Thursday, March 21, 2013

Yellow Media Announces CEO Transition08:38 EDT Thursday, March 21, 2013MONTRÉAL, QUÉBEC--(Marketwire - March 21, 2013) - (TSX:Y) - The Board of Directors of Yellow Media Limited today announced that the Board and Mr. Marc Tellier have agreed that Mr. Tellier will be leaving the position of President and Chief Executive Officer.The Board of Directors has appointed a search committee of the Board, chaired by the Chairman of the Board, Mr. Robert MacLellan, to undertake the search for a new Chief Executive Officer. Mr. Tellier and Yellow Media Limited have agreed that Mr. Tellier will remain with Yellow Pages Group until the new CEO is appointed, but no later than August 15, 2013, to assist in transition arrangements.Mr. MacLellan said, "We thank Marc for his leadership and many years of devoted service to Yellow Pages Group and his agreement to remain in order to assist in effecting a smooth transition. We intend to look to Marc for his input and guidance during the upcoming transitional process. We look forward to appointing a new Chief Executive Officer who can continue the ongoing transformation of YPG into a leading digital advertising and marketing solutions company."Mr. Tellier said that, "It has been a great honour to have led YPG since 2001. I have had the privilege of working with a team of executives and employees who are second to none and who embody the culture of excellence and commitment which we have fostered over the years. As a result of the recapitalization which was implemented in December 2012, I believe Yellow Pages Group is now well-positioned to successfully continue its digital transformation."About Yellow Media LimitedYellow Media Limited (TSX:Y) is a leading media and marketing solutions company in Canada. The Company owns and operates some of Canada's leading properties and publications including Yellow Pages™ print directories, YellowPages.ca™, Canada411.ca and RedFlagDeals.com™. Its online destinations reach 9 million unique visitors monthly and its mobile applications for finding local businesses and deals have been downloaded over 5 million times. Yellow Media Limited is also a leader in national digital advertising through Mediative, a digital advertising and marketing solutions provider to national agencies and advertisers. FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Fiona StorySenior Manager, Public Relations514-934-2672fiona.story@ypg.com