TVA records $936,000 profit in first quarter of 2007

MONTREAL -- TVA Group posted a $936,000 profit in the first quarter ended March 31, 2007, compared with a loss of $2.7 million in the same quarter a year ago. The Quebecor Media subsidiary also announced May 4 that its revenues had increased by 2.6% to $93.3 million, while expenses decreased slightly to $90.6 million. The turnaround was attributed to a $2.6 million growth in operating income in the television sector compared with the same quarter last year. The increase resulted from a 52.6% growth in operating income for TVA’s specialty TV channels, a 21% increase in the operating income of...