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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  TVA Group Inc.    TVA.B   CA8729482031

TVA GROUP INC.

(TVA.B)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 10/26 10:47:48 am
1.62 CAD   -6.90%
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TVA : CRTC orders Bell to comply for the second time

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08/07/2020 | 01:53pm EDT

Undue preference complaint against Bell regarding the packaging of TVA Sports

MONTRÉAL, Aug. 7, 2020 /CNW Telbec/ - The Canadian Radio-television and Telecommunications Commission (CTRC) has confirmed for the second time what TVA Group has been saying for years: Bell is giving undue preference to its RDS channel at the expense of TVA Sports. In a letter sent to the parties earlier this week, which has been kept confidential to protect strategic information, the CRTC stated that Bell's proposed new packaging structure still fails to comply with the decision issued in December 2019. The latest CRTC decision is yet another indication of Bell's bad faith and the anti-competitive practices it unscrupulously employs in order to dominate the market.

"It is unacceptable that Bell has once again attempted to skirt the rules in order to continue favouring its own channel at the expense of TVA Sports," said France Lauzière, President and Chief Executive Officer of TVA Group and Chief Content Officer of Quebecor Content. "Bell's failure to comply with the CRTC's decision has been clear enough since February but it is now patently obvious to all."

TVA Group had filed a complaint with the CRTC on February 27, 2019 alleging that Bell was subjecting TVA Sports to an undue disadvantage and conferring an undue preference on RDS, in violation of section 9 of the Broadcasting Distribution Regulations. The CRTC directed Bell to remedy the situation and report back on a new packaging structure that treats RDS and TVA Sports equitably by no later than February 5, 2020. On February 6, 2020, in response to Bell's filing, TVA Group denounced the deceitfulness of its new packaging, which in no way eliminates the undue disadvantage to which TVA Sports has been subjected for years. Earlier this week, the CRTC ruled in favour of TVA Group and for the second time ordered Bell to stop placing TVA Sports at a disadvantage and to treat it and RDS equitably.

Bell must immediately comply with the CRTC's decision and stop employing illegal manoeuvres and circumventing the rules that apply to all industry players in order to dominate the market.

TVA Group has instituted proceedings in QuébecSuperior Court seeking compensation for the tens of millions of dollars in damages that Bell has caused it through the stratagem that has now twice been condemned by the CRTC.

SOURCE TVA Group

© Canada Newswire, source Canada Newswire English


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All news about TVA GROUP INC.
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Financials
Sales 2020 511 M 388 M 388 M
Net income 2020 22,0 M 16,7 M 16,7 M
Net cash 2020 2,00 M 1,52 M 1,52 M
P/E ratio 2020 3,24x
Yield 2020 -
Capitalization 75,2 M 56,9 M 57,0 M
EV / Sales 2020 0,14x
EV / Sales 2021 0,12x
Nbr of Employees 1 310
Free-Float 31,5%
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Technical analysis trends TVA GROUP INC.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 3,20 CAD
Last Close Price 1,62 CAD
Spread / Highest target 270%
Spread / Average Target 97,5%
Spread / Lowest Target -1,23%
EPS Revisions
Managers
NameTitle
France LauziŤre President & Chief Executive Officer
Sylvie Lalande Chairman
Martin Picard Chief Operating Officer & Vice President
Anick Dubois Vice President-Finance
Denis Rozon VP-Productions, Operations & Technology
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