TVA Group reports $9.7-million net loss in Q2 2018

MONTREAL — Quebecor Media subsidiary TVA Group’s financial performance in the second quarter of 2018 was “disappointing”, the company’s president said on Thursday.TVA Group reported lower earnings across all of its business segments, which include broadcasting (TVA Network), film and audiovisual production (MELS Studios and Postproduction), and magazine publishing (TVA Publications).Overall, the company’s consolidated revenues were $140.2 million in the second quarter of 2018, down from $152.5 million in the same quarter last year. In addition, it reported consolidated negative adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $3.9 million, which is an unfavourable variance of almost $15...