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.
Speaking at the company’s annual general meeting, Quebecor president and CEO Pierre Karl Péladeau said that TVA Sports, a specialty channel operated by Quebecor Media-subsidiary TVA Group, continues to lose money.
“No one should be surprised if TVA Sports goes out of business,” he said