Quebecor cuts losses but ends 2014 in the red

MONTREAL – Quebecor ended 2014 with a net loss attributable to shareholders of $30.1 million as it continues to refocus on what it describes as its main growth businesses.The Montreal-based communications and media giant attributed the loss in large part to a $242.8 million favourable non-cash impact of fluctuations in the value of goodwill, intangible assets and derivative financial instruments. But the loss is an improvement over its $288.6 million net loss recorded at the end of 2013.Led by gains at Videotron, consolidated revenues grew 1.9% from $3.65 billion in 2013 to $3.72 billion, and adjusted operating income increased 2.1%...