Profits up, revenues down at TVA

MONTREAL – Quebecor’s broadcaster/TV producer/publisher TVA Group reported last week that it posted $9.2 million in net income attributable to shareholders in the fourth quarter, up from $5.7 million in the same period in 2016.Revenues, however, dropped to $155.3 million for the period ended December 31, 2017, down from $169.5 million year-over-year. This is due in part to $1.21 million unfavourable variance in its broadcasting and production segment, mainly because of a 9.5% decrease in the adjusted operating income of TVA Network, the company said in a press release.“We are satisfied with our results for the last quarter of our...