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...
To view the full content, please sign up for a subscription.
Already a member? Log in.