Revenues up, profits fall in Q1 at TVA Group

MONTREAL - Despite an increase in revenues, TVA Group kicked off 2016 in the red and shuttered its Argent business channel after 11 years of operations.President and CEO Julie Tremblay said Tuesday that the company will continue operating the Argent brand through the company’s TVA Nouvelles newscasts, LCN news and public affairs channel, and digital platforms, but said “turmoil in the media industry is forcing us to constantly question our products and brands with a view to maintaining their profitability”. The French-language business channel ceased operations on April 30.The Quebecor Media subsidiary posted a net loss attributable to shareholders of $7.4 million in...