Cable / Telecom News

Quebecor Media carries the company


MONTREAL - A $62.9 million revenue increase at Quebecor Media Inc. (home to TVA and Videotron, among other assets) helped offset a decrease at printing division Quebecor World, as the mother corp. reported its first quarter Wednesday. Quebecor Inc. recorded revenues of $2.59 billion in the first quarter of 2005, essentially unchanged from the same period of the previous year, said the press release. Quebecor generated $360.2 million in operating income in Q1 ’05, a 2.6% decrease. The $19.7 million (15%) increase in Quebecor Media's operating income did not fully offset the US$9.2 million (5.1%) decrease at Quebecor World combined...