Bell Media, wireless, drive profits at BCE

MONTREAL – BCE’s acquisition of CTV last year is paying off as the company saw fourth quarter profits jump by 52.8%. BCE reported quarterly net earnings of $486 million, up from $318 million in the same period last year. At its main Bell Canada subsidiary, operating revenues were up 12.6% this quarter to $4.58 billion, as revenues from Bell Media, Wireless, TV and residential Internet offset declines in local and access, long distance and data product revenues. For the full year 2011, Bell's operating revenues were $17.13 billion, an increase of 9.3% compared to 2010, while EBITDA increased 8.6% to...