Revenues up, profits fall in Q1 at TVA Group

MONTREAL – Despite an uptick in revenues, TVA Group kicked off 2014 in the red due in part to losses at TVA Sports and its new Film Production and Audiovisual Services segment.The Quebecor Media subsidiary posted a net loss attributable to shareholders of $14.7 million in the first quarter ended March 31, 2015, well below its $10.2 million net loss in the same quarter of 2014. Revenues increased to $126.5 million from $105.3 million year-over-year.The consolidated adjusted operating loss of $7.7 million was attributed to:- a $8.5 million adjusted operating loss in the Broadcasting & Production segment, a $272,000 (-3.3%)...