Canadian Publishing Industry News
6 November 2020,    
TVA magazine revenues down $10 million in 2020
 
 
TVA Group reported last week that its magazine revenues for the third quarter declined slightly to $12.6 million from $12.7 million a year ago. For the nine-month period ended on September 30, magazine revenues fell to $32.9 million from $42.9 million. Total operating revenues for the company fell to $119.5 million for the third quarter, a drop of $6.1 million from a year ago

 

 

"As expected, the COVID-19 pandemic continued impacting our business and on our third quarter 2020 results. The periodic resurgence of the virus and the various measures taken by government authorities to curb its spread continued to cause, among other things, a significant decline in advertising revenues,” said France Lauzière, president and CEO of TVA Group.

 

The company reported that a decline in magazine revenues was mitigated by the financial assistance it has received and by its “constant efforts to realize organizational synergies” and reduce operating expenses in order to generate a 24% margin.

 

TVA Group is largest publisher of French-language magazines in Quebec. 

 

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