Company Overview of Quebecor Media Inc.
Quebecor Media Inc., through its subsidiaries, operates as a media company. The company operates through Telecommunications, News Media, Broadcasting, Leisure and Entertainment, and Interactive Technologies and Communications segments. The Telecommunications segment offers television distribution, Internet, business solutions, and cable and mobile telephony services in Canada; and operates in the rental of movies and televisual products through its video-on-demand service. The News Media segment is involved in the printing, publishing, and distribution of daily newspapers, weekly newspapers, and commercial inserts in Canada; and the operation of Internet sites in Canada, including French- an...
612 St-Jacques Street
Montreal, QC H3C 4M8
Founded in 2000
Key Executives for Quebecor Media Inc.
Chief Financial Officer and Senior Vice President
Chief Executive Officer of Sun Media Corporation and President of Sun Media Corporation
Chief Executive Officer of Sports & Entertainment Group and President of Sports & Entertainment Group
President of Videotron Ltd and Chief Operating Officer of Videotron Ltd
Compensation as of Fiscal Year 2014.
Quebecor Media Inc. Key Developments
Quebecor Media Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment Charges for the Quarter
Aug 5 14
Quebecor Media Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, revenues were CAD 1,069.2 million against CAD 1,063.2 million a year ago. Loss before income tax was CAD 67.7 million against CAD 116.1 million a year ago. Loss from continuing operations was CAD 102.0 million against CAD 88.1 million a year ago. Loss from continuing operations attributable to shareholders was CAD 106.0 million against CAD 91.2 million a year ago. Net loss attributable to shareholders was CAD 97.35 million against CAD 56.6 million a year ago. Cash flows provided by continuing operating activities was CAD 231.7 million against CAD 156.5 million a year ago. Additions to property, plant and equipment was CAD 164.2 million against CAD 135.0 million a year ago. Additions to intangible assets was CAD 189.8 million against CAD 15.8 million a year ago. Adjusted operating income was CAD 383.6 million against CAD 373.7 million a year ago.
For the six months, revenues were CAD 2,107.3 million against CAD 2,089.9 million a year ago. Loss from continuing operations was CAD 52.8 million against CAD 4.2 million a year ago. Loss from continuing operations attributable to shareholders was CAD 51.6 million against CAD 35.1 million a year ago. Net loss attributable to shareholders was CAD 43.8 million against CAD 4.4 million a year ago. Cash flows provided by continuing operating activities was CAD 409.3 million against CAD 292.1 million a year ago. Additions to property, plant and equipment was CAD 320.5 million against CAD 289.7 million a year ago. Additions to intangible assets were CAD 261.6 million against CAD 31.2 million a year ago. Adjusted operating income was CAD 726.8 million against CAD 700.1 million a year ago.
For the quarter, impairment of goodwill was CAD 190.0 million.
Quebecor Media Inc. Announces Executive Changes for Sports and Entertainment Group
Jul 30 14
Quebecor Media Inc. appointed Benoit Robert as President and CEO of the Sports and Entertainment Group, succeeding Aldo Giampaolo, now CEO of Feeling Productions, which manages Celine Dion's career. Benoit Robert has more than 30 years of experience in management, marketing and business development with, among others, the Los Angeles Kings and AEG. Robert joins Quebecor Media on August 18, 2014.
Quebecor Media Inc. Declares Quarterly Dividend Payable on June 17, 2014
May 9 14
The Board of Directors of Quebecor Media Inc. declared a quarterly dividend of $0.025 per share on its Class A Multiple Voting Shares and Class B Subordinate Voting Shares, payable on June 17, 2014 to shareholders of record at the close of business on May 23, 2014.
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