Globemedia Q2 revenue hits $399 million as TV ad sales climb 10.4%

MONTREAL – Thanks to a strong advertising market, Bell Canada Enterprises’ media division, Bell Globemedia, posted revenue of $399 million in the second quarter of 2005, an increase of 8% over the same time frame a year ago. Year to date revenue at the division which houses assets such as CTV, TSN, The Globe and Mail, Discovery, Comedy Network and Animal Planet, among others, was $755 million, an increase of 5.9% from the end of the second quarter of 2004. “Improved profitability both at CTV and The Globe and Mail delivered a 28% increase in operating income over the same...