A dispute between former parent company Quebecor Inc. and Quebecor World over the purchase of new printing equipment by Quebecor World and the termination of a verbal agreement between Quebecor Inc. subsidy Quebecor Media and Quebecor World (Quebecor Inc. severed ties with Quebecor World in January) made headlines yesterday. CBC reported “Quebecor tries to block former subsidiary from buying press.”

The CBC has the details:

The dispute dates back to the beginning of 2005 when Quebecor World and Quebecor Media were both part of the Quebecor Inc. holding company.

A verbal agreement between the two entities allowed the printing giant to use 90 per cent of the excess capacity of a US$51 million press built by Quebecor Media in Mirabel, Que. to print Le Journal de Montreal, Ottawa Sun and several weeklies.