TVA's losses reduced to $5.9 million in Q1

MONTREAL – Decreases in operating income in its television division helped TVA Group reduce its net loss to shareholders to $5.9 million in the first quarter of 2013, compared with the $39.9 million net loss in the same quarter of 2012. TVA’s television operating income was reduced by 3.8% to $111 million in the first quarter ended March 31, 2013, compared to the same period a year earlier, which the company attributes to the deconsolidation of Sun News. Most of the decrease in the net loss recorded in the first quarter was due to a $32.2 million goodwill impairment charge...