MONTREAL – Quebecor Media’s broadcasting, publishing and movie unit, TVA Group, reported net income of $12.8 million for the second quarter of 2008, 23% lower than the corresponding quarter of 2007. TVA saw a drop of $1.5 million in the television sector's operating income against the same quarter of 2007, “resulting essentially from the negative impact of an accrual of $5.7 million related to disputed regulatory fees,” says the release. Those are the Part II fees that had been collected by the CRTC for years, but that broadcasters fought in the courts as an illegal tax. In late 2006, the...
