TVA revenue up, losses shrink; Lauzière says it won’t back off regulatory, legal challenges

MONTREAL – Quebecor Media’s TV, film and publishing division TVA Group reported second quarter operating revenues of $146 million, a year-over-year increase of $5.8 million for the period ending June 30. The quarterly net loss attributable to shareholders was $6.2 million, which compares to a net loss attributable to shareholders of $9.6 million in the same quarter of 2018. Consolidated adjusted EBITDA of $3.76 million was $6.57 million better than Q2 2018. In the broadcasting segment of the company, TVA Group reported $1.9 million negative adjusted EBITDA, $6.2 million better than last year’s quarter, mainly attributable to the acquisition of...