Higher specialty TV revenues drive 2.6% increase in Quebecor's broadcasting revenues

MONTREAL – Higher subscription revenues at Quebecor Media’s specialty TV channels combined with lower content costs for its over-the-air channels drove revenues in its broadcasting sector up 2.6%, or by $2.4 million, to $93.3 million in the first quarter ended March 31. Subscription revenues at specialty TV channels Mystere, Argent, Prise 2, LCN, mentv and Mystery increased 2.2% or $1.6 million. There were also higher advertising revenues generated at TVA Network, Sun TV and the specialty TV channels along with an increase in revenues from commercial production. Quebecor’s broadcasting segment recorded operating income of $2.7 million in the first quarter compared...