Quebecor’s TVA Group cuts 30 positions, mainly in TV division

Quebecor Media subsidiary TVA Group announced Wednesday several layoffs, primarily in its television division, as the broadcaster faces an uncertain future due to ongoing financial challenges, the Montreal-based company said. “TVA Group, like other private broadcasters, is operating in a steadily deteriorating business environment and continues to absorb substantial financial losses while competing on an uneven playing field,” Quebecor President and CEO Pierre Karl Péladeau, who is the acting president and CEO of TVA Group, said in a press release. “In this alarming situation, TVA Group is forced to cut some 30 jobs, mainly in its television division. These are teams that...