Quebecor Inc. records net loss despite Videotron customer gains

MONTREAL – Videotron added 234,800 telephony customers, 154,000 Internet customers, 149,000 illico digital TV customers and 66,300 customers for all cable TV services (analog plus illico) in 2006, yet parent company Quebec Inc. still posted a net loss of $93.9 million. The loss is a big reversal from 2005 when the company recorded a net profit of $69.7 million. The downturn was attributed in financial results released Wednesday to an “unusual loss on refinancing of Quebecor Media’s debt and lower unrealized gains on re-measurement of exchangeable debentures.” Quebecor Media, which includes the TVA network and cableco Videotron, recorded a net loss...