Radio & Television

Publishing, distribution pull TVA down in Q3

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...