11/10/2014 13:18 EST | Updated 01/10/2015 00:59 EST

Pierre Karl Peladeau To Seek PQ Leadership: Radio-Canada

Pierre Karl Peladeau will reportedly make his Parti Quebecois leadership bid official on Nov. 23, according to Radio Canada.

MONTREAL - Media magnate Pierre Karl Peladeau will seek the Parti Quebecois leadership and will likely announce it on Nov. 23, Radio-Canada reported Monday.

The CBC's French-language network said the controlling shareholder of Quebecor Inc. (TSX:QBR.B) will make the announcement in his riding of Saint-Jerome.

The report said former premier Bernard Landry has offered to be with Peladeau for the occasion.

There are currently five people in the race: ex-cabinet ministers Jean-Francois Lisee, Bernard Drainville, Alexandre Cloutier and Martine Ouellet, as well as Pierre Cere, a spokesman for a group that defends the unemployed.

The new leader will be selected in May.