Évasion and Zeste acquisitions continue to drive TVA Group earnings

MONTREAL — Quebecor’s TVA Group media division reported Thursday its consolidated operating revenues in the fourth quarter of 2019 totalled $164.2 million, a year-over-year increase of 9.1% compared to Q4 2018. Net income attributable to shareholders was $16 million, compared with net income attributable to shareholders of $9.5 million in the same quarter of 2018. TVA Group’s consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) totalled $33.6 million in Q4 2019, representing a 29.6% increase from the same quarter of last year. The company’s broadcasting segment, which includes its TVA Network and specialty channels, reported adjusted EBITDA of...