Business

The Canadian Press - ONLINE EDITION

TVA Group reports lower net earnings, impacted by lower advertising revenues

By: The Canadian Press

Posted: 02/28/2013 9:33 AM | Comments: 0 | Last Modified: 02/28/2013 11:19 AM

The corporate logo for Groupe TVA is shown. THE CANADIAN PRESS/HO

MONTREAL - Quebecor's TVA Group (TSX:TVA.B) is reporting lower net income attributable to shareholders of $9.4 million, impacted in part by lower TV advertising revenues.

TVA Group said Thursday that earnings per share in its fourth quarter were 40 cents per share.

In the fourth quarter of 2011, TVA Group earned $11.5 million, or 48 cents per share.

Operating income in the television segment was up 5.6 per cent to $19.1 million, mainly due to the positive impact of the deconsolidation of the results of Sun News since July 1, 2012 and specialty services.

But TVA Group said the decrease in operating income in its television segment was down 5.6 per cent due to lower advertising revenues.

Operating income in the publishing segment down 27.2 per cent, or $697,000, to $1.9 million.

"The television segment's fourth quarter 2012 financial results were impacted by the decrease in TVA Network's advertising revenues, which were flat for fiscal 2012 as a whole," said Pierre Dion, President and CEO.

Dion said efforts are continuing to generate new revenues for TVA Group's publishing segment.

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More Business

Undock

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.