Radio / Television News

TVA’s Q3 2022 results show ad revenue continues to decrease


Acting president and CEO calls for C-18 to be quickly passed MONTREAL – TVA Group recorded $130.5 million in revenue for the third quarter of 2022, which represents a year-over-year decrease of $20.2 million. The Quebecor subsidiary, which reported its Q3 2022 financial results yesterday, reported adjusted EBITDA for the quarter was $18.2 million – a $17.3 million unfavourable variance compared to Q3 2021. The broadcasting segment specifically recorded $104.6 million in revenue in Q3 2022, compared to $111.1 millionin the same quarter the previous year. Adjusted EBITDA in the segment was $14.1 million. This is a $7.6 million unfavourable...