Cable / Telecom News

Videotron surge leads Quebecor

MONTREAL – Quebecor Inc. reported a third-quarter profit on Tuesday, thanks largely to the company’s media business. The company said it earned net income of $33.8 million, or 53 cents a share, in the quarter, compared with $22.6 million or 35 cents a share in the same period of 2005. At the same time, the company reported that its subsidiaries, Quebecor Media and Quebecor World, are performing in very different ways. Quebecor World, the big commercial printer, reported a third quarter drop in revenues and net income, and said it has suspended its dividend on subordinate and multiple voting shares....