The VP of Radio-Canada, Sylvain Lafrance, and the CEO of Quebecor, Pierre Karl Peladeau (aka PKP) have buried the hatchet.

Today they settled a defamation suit PKP launched against Lafrance in 2007 after Lafrance said PKP was acting like a ~thug (“voyou” – a rather high-profile insult in France these days) when Quebecor stopped contributing to the Canadian Television Fund. The comment was reported. PKP wanted $700,000 in damages.

Instead, Lafrance and Radio-Canada issued a public statement saying they regret that the comments were taken in offence.

All right, then.