TVA Group announces major changes to secure its future
MONTRÉAL, Nov. 2, 2023 /CNW/ - TVA Group (TSX: TVA.B) is announcing major changes to secure its future at a time of crisis for the global media industry.
- MONTRÉAL, Nov. 2, 2023 /CNW/ - TVA Group (TSX: TVA.B) is announcing major changes to secure its future at a time of crisis for the global media industry.
- Given this situation, in the coming months TVA Group will implement a three-pronged reorganization plan approved by its Board of Directors:
"The deficit TVA Group is currently running is simply no longer sustainable," said Pierre Karl Péladeau, acting President and CEO of TVA Group and President and CEO of Quebecor. - The second measure concerns the news outlets of TVA Group and Quebecor: TVA, LCN, Le Journal de Montréal, Le Journal de Québec, QUB radio, 24 heures, TVA Sports, TVA Publications magazines, and the other digital brands.
- The plan announced today springs from a desire to restore TVA Group to a position of strength and secure its future.