MONTREAL – Decreases in the publishing and movie distribution sectors led TVA to report an 8.2% decrease in operating income for their third quarter, according to the company press release issued today.
Quebecor Media-owned TVA reported a consolidated operating income of $10.8 million for the third quarter of 2008 ending September 30, compared with consolidated operating income of $11.8 million for the same quarter of 2007. The company did report a 14.5% increase in the television sector’s operating income over the same quarter of 2007, however.
"Given the slowdown in the advertising market in Canada, we are satisfied with our results, in spite of the 8.2% decrease in operating income related, in part, to the adjustments over the last two years for disputed regulatory fees (Part II CRTC fees).
“In television, our specialty channels have seen an increase of 20.9% in their operating revenues, and the TVA Network continues to enjoy solid ratings at the beginning of the fall season with a 29 market shares, and 25 of its shows among the 30 most watched", said Pierre Dion, president and CEO, in the release.
