Covid crisis deals a 29% hit to TVA Group revenues

Much lower costs at TVA Sports help bottom line though MONTREAL – Quebecor Media’s broadcaster, film and TV maker, and publisher TVA Group announced Thursday its operating revenues in the second quarter of 2020 came in at $103.9 million, a year-over-year decrease of 29%. However, the net loss attributable to shareholders in the quarter ended June 30 was $2.7 million, which compares favourably to the $6.2 million loss in the second quarter of 2019. Consolidated adjusted EBITDA of $7.36 million was double that of Q2 2019. The $3.47 million in adjusted EBITDA on the broadcasting segment was $5 million better...