TVA group eyes magazine expansion in rest of Canada

TVA Group, the largest and perhaps the most important magazine publisher in Quebec, part of Quebecor Media, will continue to be an aggressive acquisitor, but will be looking across the rest of Canada for magazine acquisitions, its chief executive officer Pierre Dion said Friday. He told the company's annual meeting on Friday:

"We have reached a certain maturity in Quebec with high penetration in magazines and in television," Dion told shareholders at the annual shareholders' meeting.

"We're going to continue to look at specialized chains in Quebec because there's good progression there. Logically, what remains for us is expansion in English Canada," he said.

Good news, we suppose, for any publisher looking to sell magazine properties in the rest of Canada. The competition -- and therefore the price -- just went up.

The magazine division was created in 2002 by the merger of Publicor and TVA Publishing.