US EditionQuebecor CEO warns of grim future for TVA Sports amid rising cost of broadcast rights
- Quebecor CEO Pierre Karl Péladeau warned on May 8, 2025, at the company's annual general meeting that TVA Sports faces a grim future due to rising NHL broadcast rights costs.
- This warning followed the NHL's recent $11 billion, 12-year national rights deal with Rogers Communications starting in the 2026-27 season, which raises the cost beyond TVA Sports' means to pay.
- TVA Sports, launched by Quebecor in 2011 and operated by TVA Group, currently loses money despite growing winter market share thanks to broadcasts like the 4 Nations Face-Off and Montreal Canadiens games.
- Péladeau noted that Quebecor has poured over $230 million into TVA Sports since its inception, but expressed skepticism about the channel’s ability to afford the high fees the NHL is requesting for French-language national broadcast rights.
- While Quebecor's overall first-quarter profit rose to $190.7 million with $1.34 billion revenue, the future of its French-language sports programming remains uncertain amid rising costs and declining TVA advertising revenues.
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Quebecor CEO warns of grim future for TVA Sports amid rising cost of broadcast rights
The chief executive of Quebecor Inc. warned Thursday that the company’s French-language sports television programming could be in jeopardy amid rising costs for broadcasting rights.
·Flin Flon, Canada
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Pierre Karl Péladeau, president and chief executive officer of Québecor, announced to the shareholders of the TVA Group this week that the future of TVA Sports is more uncertain than ever, openly mentioning the possibility that the channel will cease its activities. Indeed, the journalist Richard Dufour (La Presse) has postponed some of the president's comments that are anything but reassuring. It should not be surprising that TVA Sports ceased …
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