TVA posts Q4 profits of $9M as revenues dip

MONTREAL - Quebecor’s broadcaster/TV producer/publisher TVA Group posted $9 million in net income attributable to shareholders in the fourth quarter, down from $9.2 million in the same period in 2017.Revenues, however, dropped to $150.5 million for the period ended December 31, 2018, down from $155.3 million year-over-year. President and CEO France Lauzière said that the company is “satisfied” with its results for the last quarter of its financial year.“Our operating expense reduction initiatives of recent quarters made up for the decline in operating revenues in the Broadcasting & Production and Magazines segments, which have both been hit by the decrease in...