Quebecor’s TVA Group announced Wednesday it is eliminating 87 positions in its broadcasting segment as its financial situation continues to deteriorate.
The cuts affect primarily unionized jobs and include permanent and temporary positions in Montreal and at local stations in Trois-Rivières, Sherbrooke, Saguenay and Rimouski, TVA Group said in a press release.
Despite its restructuring and workforce rationalization strategies in recent years, TVA Group has posted cumulative net losses of more than $93 million since January 2022, including a $17 million loss for the first nine months of 2025, due primarily to a decline in advertising revenues, TVA Group said. Since 2023, nearly 800 jobs have been eliminated in the media company’s broadcasting segment and related teams under a series of restructuring plans.
At a time when it faces fierce competition from the web giants and public broadcaster CBC/Radio-Canada, TVA Group said its repeated appeals to government to support the private television industry have been ignored, most recently in the federal budget.
Last week, Quebecor President and CEO Pierre Karl Peladeau, who is acting president and CEO of TVA Group, decried the federal government’s decision to increase CBC/Radio-Canada’s annual funding by an additional $150 million without also forcing the public broadcaster to remove advertising from its platforms. Peladeau has long complained about private broadcasters having to compete with publicly funded CBC/Radio-Canada for ad dollars.
“Our television industry, our original productions and our news coverage are essential factors for the vitality of our culture, our democracy and our language,” Peladeau said in TVA Group’s Wednesday press release. “They are part of a major economic sector that generates billions of dollars in economic spinoffs and creates thousands of jobs.
“It is troubling indeed that the federal government is ignoring this social and economic issue — particularly since three senior ministers heading important departments represent Quebec ridings. We would expect them to be more concerned about the challenges we are facing. We must ask ourselves once again: how much longer will government authorities allow such an important industry to decline? How much longer will CBC/Radio-Canada receive excessive, steadily increasing financial support from the federal government with no strings attached, while competing directly with private broadcasters? How much longer will governments divide journalists, who are all doing essentially the same work for our democracy, into two classes by refusing to extend the journalism labour tax credit to television journalism?”
For TVA Group to remain viable and continue investing in local news and content, the government and the CRTC “must take action and implement measures to change the parameters of the ecosystem,” Peladeau added.
“It is with great regret that we see our valued contributors leave,” said Louis-Philippe Neveu, vice president of operations, news and sports at TVA Group. “Every day, TVA and its teams do essential work to inform and entertain Quebecers. Unfortunately, the precarious state of the industry, which is having a significant impact on our company’s financial situation, forces us to make difficult but unavoidable choices. I sincerely thank our colleagues for their contributions and commitment.”
In recognition of the many years of service and contributions of some permanent employees affected by Wednesday’s announcement, TVA Group said it has decided to increase their severance pay beyond the provisions of the collective agreements and pay the laid-off employees compensation for up to 52 weeks.
