Quebecor Media, led by Videotron, TVA grows

MONTREAL – Partially led by the growth of Videotron’s new residential telephone service (at 41,800 customers at the end of June), Quebecor Media posted gains in revenue and operating income. Revenues at the division (which also houses TVA and Sun Media, among other assets) grew by $56 million to $692 million and operating income increased by $1.8 million. Overall, Quebecor Inc.'s revenues (which includes its huge, global printing company) decreased by $89.9 million (-3.5%) to $2.51 billion in the second quarter of 2005. The 9.1% revenue increase at Quebecor Media Inc. did not entirely make up for the decrease at...