Revenues continue to decline at TVA

Revenues continue to decline at TVA
Revenues continue to decline at TVA

TVA Group’s revenues continue to crumble.


Posted at 8:13 p.m.

The Quebecor subsidiary saw its revenues at the start of the year decrease by 5% to 6.9 million compared to what they were a year ago.

The Montreal broadcaster, however, generated a smaller loss than a year ago during the months of January, February and March. The net loss amounted to 17.9 million this year while it had reached 23.5 million in the same period last year.

Big boss Pierre Karl Péladeau describes 2024 as a year of transition during which the reorganization plan announced in November continues to be deployed.

This plan aims to refocus activities on the TVA Group’s broadcasting mission and to optimize the company’s real estate portfolio in order to generate savings.

The reorganization particularly caught the imagination last fall due to the dismissal of nearly 550 employees, the equivalent of approximately a third of the workforce. Management has since reached agreements regarding the renewal of the collective agreements of its employees in Montreal, Quebec and the regions.

TVA Group’s annual meeting of shareholders will take place virtually late Tuesday morning. Quebecor will in turn hold its annual meeting of shareholders on Thursday.

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