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Saturday, August 03, 2013

TVA Group publishing revenues down 8% for Q2

The second quarter of 2013 saw an 8% drop in revenue  from the publishing side of the TVA Group, a subsidiary of Quebecor. Revenue from publishing was $15.8 million, down from $17.2 million the same quarter last year.

TVA Group said is had $111.5 million in total revenue for the quarter, down about 1.8% from the same period the year before. Profit was $7 million, down 31%; most of the drop was attributed to operational restructuring.  

 French-language publishing  is a relatively small part of the company's main operations in Quebec,which includes the TVA television network and related digital and other print products. TV had flat revenues for the quarter ($96.5 million, down from $97.3 million ) TVA also currently owns 49% of Sun News. 
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