Péladeau said the trust must be approved by federal telecommunications authorities.
The PQ leader has come under intense criticism from his political opponents who accused him of being in a conflict of interest for holding office and being the controlling shareholder of Quebec’s dominant media company.
Péladeau wrote on his Facebook page Thursday the trust will be administered by Claude Beland, a former president of the Mouvement Desjardins financial co-operative, as well as lawyer James A. Woods and businessman Andre P. Brosseau.
The PQ leader added he signed a declaration stating he wouldn’t intervene in the editorial direction of the news properties owned by Quebecor (TSX:QBR.B).