Radio / Television News

Q2 revenues flatten at TVA

MONTREAL – Restructuring costs at struggling Sun TV combined with a drop in advertising revenue helped pull down second quarter profits at Quebec-based Broadcaster TVA Group.Net income for the period ended June 30, 2010 was $11.2 million, down $4 million compared with $15.2 million for the same period last year.  However, consolidated operating income increased 4.1% to $26.2 million, compared with $25.1 million in the same quarter of 2009."We are pleased with the second quarter financial results, as we posted some growth in operating income in both our business sectors in an advertising market that remains precarious and short term”, said president...