The future of TVA Group (and TVA Sports) continues to be the talk of the town

Just last week, in an interview with Gérald Filion, Pierre Karl Péladeau announced further cuts to TVA Group.

We all wondered whether the future of TVA Sports was in jeopardy… And on this subject, PKP stated that to survive, the station would need the support of the CRTC, and that the arbitration decision would “be decisive” for the future of the channel.

Our colleague Charles-Alexis Brisebois has just written a long paper on the subject.

In a text published by Radio-Canada, Mr. Fillion returned to the interview in question and wondered whether PKP wanted to divest himself of the TVA group.

Is this the end of TVA in the Québecor empire? Will the company soon be up for sale? – Gérard Fillion

Quebecor’s CEO made it pretty clear last week that TVA won’t be able to survive with losses “like those in the first quarter”. He went on to say that no company is “capable of living with permanent losses”.

In fact, this isn’t the first time TVA’s financial difficulties have come to light.

In the summer of 2021, La Presse reported that TVA Sports had lost $202 million between 2011 and 2020… That’s a lot of money.

And, with the media industry currently facing financial difficulties due to advertising revenues, things are even more difficult.

In his article, Gérald Fillion emphasizes that Québecor’s source of growth “will come from wireless services and the recent acquisition of Freedom Mobile in Western Canada”.

In a nutshell.

All this to say that, at the moment, TVA Group’s future seems more uncertain than ever.

In brief

– Good question.

– Whew.

– Do you like the Final Four?

– Absolutely.