TVA Group magazine division soars in Q1 2016, based on Transcon acqusitions

Revenues for the magazine segment of the TVA Group doubled in the first quarter of 2016, from $14,878,000 to $27,487,000 in Q1 of 2015. Adjusted operating income for magazines was $2,059,000, up $1,094,000(+113%).

The performance of the magazine division was mainly driven by a major acquisition from Transcontinental Media in mid-2015 as well as the pruning of expenses. The magazines segment includes TVA Publications inc. and Les Publications Charron & Cie inc., and publishes French- and English-language magazines. It is North America's largest broadcaster of French-language entertainment, information and public affairs programming, largest publisher of French-language magazines, and one of the largest private-sector producers of French-language content as well as being one of the largest publishers of key English language titles such as Canadian Living. 
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Revenues
Broadcasting & Production	$	105,963	$	103,523
Magazines		27,487		14,878
Film Production & Audiovisual Services		15,512		10,249
Intersegment items		(3,439)		(2,136)
		145,523		126,514

Over all, the TVA Group Inc., a subsidiary of Quebecor Media Inc., announced recorded adjusted operating income in the amount of $0.3 million Q1, compared with a $7.7 million adjusted operating loss in the same quarter of 2015. The Corporation also declared a net loss attributable to shareholders of $7.4 million or a loss of $0.17 per share for the quarter, compared with a net loss attributable to shareholders of $14.7 million or a loss of $0.57 per share in the same quarter of 2015.