Radio / Television News

Quebecor to buy Serdy Media for $24 million; includes specialties Évasion and Zeste


MONTREAL – Quebecor Media’s TVA Group today announced an agreement to buy the Serdy Media and Serdy Video group of companies for $24 million.The acquisition, which requires CRTC approval of its broadcasting assets, would see TVA add the Évasion (french language travel and adventure) and Zeste (food and cooking) specialty channels. According to CRTC filings, Evasion had 1.8 million subscribers as of August 31 2016 (latest figures available), $12.4 million in revenue and $2.3 million in pre-tax profit. As a category B Zeste does not have to file subscriber or profitability numbers but did report revenue of $6.6 million in...