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Quebecor announces job cuts, magazine closures

Media | 11/02/2016 7:13 pm EDT

Quebecor Inc. said Wednesday it was making cuts to its media division to “maintain its lead in news and content production and keep focusing on its flagship brands.” In a press release, the company said it was reducing its Quebecor Media Group workforce by 220 positions, or nearly eight per cent, and cutting 125 TVA Group jobs, consisting mainly of “managers, professionals and administrative support staff, in order to bring staffing levels in line with the organization's changes and reduce operating costs.” “In Québec as elsewhere in...

Hockey heartache helps push TVA Group to $5.7M loss

Media | 08/02/2016 5:12 pm EDT

A poor showing by the National Hockey League’s Montreal Canadiens helped to usher in a $5.7 million net loss for TVA Group Inc., the broadcasting and magazine publishing arm of Quebecor Inc. According to a report on its second quarter earnings, TVA Group said it brought in $144.2 million in revenue by the end of the three months ending June 30, compared to $159.4 million the same quarter a year earlier. The $5.7 million loss was higher than the $2.6 million it lost in the same quarter of last year. The results were affected “by the decline in the TVA Sports...

TVA shuts down business channel

Media | 04/19/2016 6:57 pm EDT

TVA Group Inc., the broadcasting and magazine publishing division of Quebecor Inc., announced Tuesday its Argent channel, a business and financial specialty service, will go off the air as of April 30. TVA said in a press release...

Quebecor Media buys bigger piece of TVA

Media | 03/20/2015 4:34 pm EDT

Quebecor Media Inc. said Friday it has upped its stake in TVA Group Inc. to more than 68 per cent from about 51 per cent. Quebecor Media, which is three-quarters owned by Quebecor Inc., said in a press release it bought 17.3...