Cable / Telecom News

Broadcast drags down Quebecor


MONTREAL – Led by ongoing growth at cable division Videotron, Quebecor Media generated total revenues of $3.01 billion in 2006, an increase of $308 million or 11.4% over 2005. All of the company's business segments, with the exception of broadcasting (TVA), reported higher revenues. Quebecor Media's operating income rose $69.2 million (9.4%), to $802.8 million in 2006, mainly as a result of higher operating income in the cable segment ($99.2 million or 24.0%). "Quebecor Media continued growing its revenues and operating income in 2006," said Pierre Karl Péladeau, president and CEO, in the press release. "The strong performance was spearheaded...