The man who led Quebecor Inc. for 14 years but left to join provincial politics will return as head of the company Thursday, though despite the change in leadership, analysts expect business to continue as usual. Effective immediately, Pierre Karl Péladeau will return to the company his father founded in 1965 and he headed from 1999 to 2013. National Bank Financial analyst Adam Shine said in a research note that “Mr. Péladeau is back. Figuratively, we’re...
Quebecor Inc.’s revenues increased in the second quarter compared to a year earlier with the company reporting $992.5 million in revenues, up $28.7 million, or three per cent, over that time. President and CEO Pierre Dion said in a press release Thursday the increase reflected a “solid performance” in its telecommunications segment. Telecom revenues were up by $38.9 million to $780.4 million, the company reported, while sports and entertainment revenues were also up by $4.6 million to $6.7 million. According to Quebecor, that boost mostly came from revenue generated from events at Videotron Centre, naming rights and Gestev, which is the “official imprint for all shows and events produced by Quebecor.” Revenues in media fell...
Quebecor Inc. reported a five-per-cent increase to revenue in the first quarter of 2016, bringing in $975.4 million compared to $929 million the same period a year earlier. According to quarterly earnings...
MONTREAL — Cogeco Inc. CEO Louis Audet said Wednesday that the company will prioritize its U.S. cable and Internet business over a potential wireless initiative in Canada. Speaking to reporters...
Quebecor Inc.’s Videotron announced Thursday it has acquired Fibrenoire, a company that provides fibre-optic connectivity services to businesses, for $125 million. It said in a press release that acquiring the company would help “meet the growing demand from business customers for...
Quebecor Inc. announced Wednesday that its music division will now be headed by Lyne Robitaille, who will become the senior vice-president of newspapers, books and music. It said in a press release that Distribution Select,...
Quebecor Inc. on Friday announced it has shut down its Zik music-streaming service, citing a pattern of consolidation in global industry for online music. "Despite the efforts of many independent sites around the world, many have gone out of business or were bought by very large global companies," Quebecor said in a press release issued in French. Zik was launched in 2012. At the time, Quebecor said it would provide 12 million songs, including 1.2 million French-languages titles. Quebecor CEO Pierre Dion said in the release Friday that Quebecor would soon launch another...
Quebecor Inc. is still publicly sitting on the fence when it comes to expanding its wireless service throughout Canada despite bidding $187 million on 2500 MHz spectrum, including for licences outside...
BCE Inc. says it will appeal to the Supreme Court in a case over satellite-TV piracy in which it was ordered to pay $137 million in damages to Quebecor Inc. and its TVA subsidiary in a decision issued Friday. In handing down the ruling, the Quebec Court of Appeal increased the damages from the $1 million award ordered by...
Industry Canada on Thursday announced March 3 as the date for the beginning of the AWS-3 auction and proposed policy changes to make 600 MHz, AWS-4 and 3500 MHz spectrum available for mobile use in...
Quebecor Inc.'s broadcasting operation TVA Group said Thursday it has reached an agreement to purchase film- and TV-production company Vision Globale for about $118 million. TVA said the transaction is subject to approval by...
GATINEAU, Que. — In the second day of hearings in the CRTC's Let's Talk TV proceeding, a commission member asked Quebecor Inc. why, if over-the-top (OTT) services such as Netflix are such a hot commodity, it doesn't abandon traditional broadcasting in favour of an exclusively online video service. “If the danger is real, why not...
Quebecor Inc. and industry analysts on Tuesday downplayed any connection between the company's sale of consulting subsidiary Nurun and aspirations Quebecor has for expanding its wireless service...
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...
Quebecor Inc. said explicitly Wednesday that it intends to become Canada's "fourth wireless competitor," though it needs "a fair and competitive federally regulated roaming...
