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Media Industry News

Quebecor reports Q3 profit and revenue down from year ago

Quebecor reports Q3 profit and revenue down from year ago

Quebecor Inc. reported its third-quarter profit and revenue edged lower compared with a year ago. The company said its net income attributable to shareholders amounted to $189 million or 81 cents per share for the quarter ended Sept. 30.
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BCE declined regulatory relief, reports Q3 loss on asset impairment charge

BCE declined regulatory relief, reports Q3 loss on asset impairment charge

Bell Canada-owner BCE Inc. was dealt another regulatory blow this week as it reported a loss in its latest quarter and recorded $2.11 billion in asset impairment charges, mainly related to Bell Media's TV and radio properties.
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Willow hopes free cricket streaming channel will grow the sport, add to its audience

Willow hopes free cricket streaming channel will grow the sport, add to its audience

Willow TV is hoping viewers sampling world-class cricket for free will want more. Willow's existing pay-TV cricket channel, shown on Rogers, Telus and Bell among other providers in Canada, will remain as is.
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Willow hopes free cricket streaming channel will grow the sport, add to its audience

Willow TV is hoping viewers sampling world-class cricket for free will want more. Willow's existing pay-TV cricket channel, shown on Rogers, Telus and Bell among other providers in Canada, will remain as is.
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Google exempt from Online News Act for five years, must pay news outlets $100M: CRTC

Google exempt from Online News Act for five years, must pay news outlets $100M: CRTC

OTTAWA — The Canadian Radio-television and Telecommunications Commission has granted Google a five-year exemption from the Online News Act, ordering it to release the $100 million it now owes to Canadian news outlets within 60 days.
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Ready for liftoff: Why Canada's telecom sector sees opportunity in satellite internet

Ready for liftoff: Why Canada's telecom sector sees opportunity in satellite internet

TORONTO — When a severe tropical cyclone hit New Zealand in February 2023, it left thousands on the country's North Island without internet or cellphone service for nearly a week, as major roads carrying vital fibre optic cables were washed out.
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Corus Entertainment signs amended debt deal with banks, reports $26M loss in Q4

Corus Entertainment signs amended debt deal with banks, reports $26M loss in Q4

TORONTO — Corus Entertainment Inc. has gained some breathing room. The company says it has agreed to a deal with its lenders that will buy it some time as it works to slash costs and reduce its debt.
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Cineplex appeals Competition Tribunal decision on ‘drip pricing’

Cineplex appeals Competition Tribunal decision on ‘drip pricing’

TORONTO — Cineplex Inc. has launched an appeal of a record $38.9-million fine for deceptive marketing practices imposed by the Competition Tribunal.
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Rogers to sell minority stake in portion of backhaul infrastructure to pay down debt

Rogers to sell minority stake in portion of backhaul infrastructure to pay down debt

TORONTO — Rogers Communications Inc. is selling a minority stake in a portion of its wireless network infrastructure for $7 billion amid a "pivot" in strategy as it seeks to pay down debt.
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Metro's Moi Rewards loyalty program coming to Ontario stores

Metro's Moi Rewards loyalty program coming to Ontario stores

Metro is expanding its Moi Rewards program into Ontario later this week after rolling it out in Quebec and New Brunswick last year.
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