TVA rebounds with $14M gain in Q3

MONTREAL - Quebecor’s broadcaster/TV producer/publisher TVA Group posted $14 million in net income attributable to shareholders in the third quarter, up from a $15.3 million net loss in the same period in 2017.Revenues, however, dropped to $127.4 million for the period, down from $140.8 million year-over-year."Our financial performance in the third quarter of 2018 was impacted by lower operating revenues in our three business segments”, said president and CEO France Lauzière, in the news release. “Advertising revenues decreased in both our Broadcasting & Production segment and our Magazines segment. TVA Network's financial performance declined with a 10% decrease in advertising revenues...