Radio / Television News

TVA posts loss

MONTREAL – A tough conventional TV market meant that Quebecor's TVA Group reported a net loss of $800,000 for the third quarter of 2006, compared with a net income of $2.7 million for the corresponding quarter of 2005. "The decline in net income and in income per diluted share from the same period a year earlier is mainly due to the net impact of rationalization expenses and to the share in the depreciation of an intangible asset in the publishing business. TVA maintained its operating income at $4.8 million for the third quarter, the same amount as for the corresponding...