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Quebecor posts loss, announces reorganization

Media | 07/31/2014 1:47 pm EDT

Quebecor Inc. CEO Pierre Dion announced a corporate reorganization Thursday as his company posted a $50.4 million net less before income taxes in its second quarter, down from a profit of $67.9 million before income taxes in the previous quarter.  In a statement following the earnings report, Dion detailed the creation of a new group within Quebecor for its media properties, including Sun Media Corp., TVA Group Inc., and QMI Agency. "Consumers' media habits have continued to evolve in recent years," Dion said in the release. "The creation of Media Group maximizes the...