DBRS Holds Teleconference to Discuss Yellow Media Downgrade at 4 p.m. Today

DBRS will be holding a teleconference at 4 p.m. today to discuss its recent downgrade of Yellow Media Inc. (Yellow Media or the Company) to BBB and R-2 (high), with Negative trends. The downgrade reflects DBRS’s concern that the business risk of Yellow Media continues to increase as it accelerates its transition from print to digital, even though there is an expectation of a strengthened financial risk profile going forward as a result of recent actions and the ongoing underlying free cash flow that the Company continues to generate.

The teleconference, hosted by Kam Hon, Managing Director, and Chris Diceman, Senior Vice President, will cover the key analytical considerations in the DBRS rating action and allow for a question-and-answer period.

To participate, please dial the appropriate numbers listed below five minutes before the 4:00 p.m. EDT start time.

CALL-IN DETAILS
Telephone: +1 416 695 7806 or toll-free at +1 888 789 9572
Pass Code: 5637701

A replay will be available immediately after the teleconference until August 18, 2011, at the following numbers:

REPLAY CALL-IN DETAILS
Available until 11:59 p.m. on August 18, 2011
Telephone: +1 905 694 9451 or toll-free at +1 800 408 3053
Pass Code: 6233388

DBRS will also publish a full transcript of the teleconference by the end of business on August 5, 2011. The transcript will be available at www.dbrs.com or by contacting us at info@dbrs.com

For more information on the recent rating action, please see “DBRS Downgrades Yellow Media to BBB and R-2 (high), Negative Trends,” the DBRS press release published earlier today, available at www.dbrs.com or by contacting us at info@dbrs.com