In the Broadcasting segment, some of TVA Group Inc.'s ("TVA Group") hit shows, such as the 2012 edition of Star Academie and the new show La Voix, which has been on the air since the beginning of 2013, have posted exceptional ratings and market shares, with average audiences of 2.2 million for the weekly Star Academie galas and 2.7 million for the weekly La Voix specials, and market shares of 54.5% and 57.5% respectively, demonstrating once again the success of Quebecor's convergence strategy in creating value-added multiplatform content around high-quality television products for the benefit of all of Quebecor's media properties.
Jean-Francois Pruneau, Chief Financial Officer of Quebecor, noted that no summary of Quebecor's 2012 highlights would be complete without mentioning a major financial event: the repurchase of part of CDP Capital's interest in Quebecor Media for $1.50 billion. "This mutually advantageous transaction increased the Corporation's interest in Quebecor Media from 54.7% to 75.4%, while respecting the Corporation's fundamental financial objectives of maintaining a sufficient level of operational and financial flexibility."
For Quebecor, 2012 was therefore a year that saw solid consolidated financial results, one of the largest financial transactions in the Corporation's history, and continued restructuring and adaptation efforts in all its segments. Quebecor is thus pursuing its goals of growth, profitability, business development, and shareholder value creation.
Table 1Quebecor financial highlights, 2008 to 2012(in millions of Canadian dollars, except per share data)-------------------------------------------------------------------------------------------------------------------------------------------------------- 2012(1) 2011(1) 2010(1) 2009(2) 2008(2)----------------------------------------------------------------------------Revenues $ 4,351.8 $ 4,206.6 $ 4,000.1 $ 3,806.4 $ 3,759.4Operating income 1,403.6 1,341.7 1,333.4 1,276.7 1,121.1Income (loss) from continuing operations attributable to shareholders 167.7 201.0 225.3 276.1 (195.3)Net income attributable to shareholders 167.7 201.0 225.3 277.7 188.0Adjusted income from continuing operations 196.1 191.5 220.6 236.3 179.4Per basic share: Income (loss) from continuing operations attributable to shareholders 2.65 3.14 3.50 4.30 (3.04) Net income attributable to shareholders 2.65 3.14 3.50 4.32 2.92 Adjusted income from continuing operations 3.10 2.99 3.42 3.68 2.79--------------------------------------------------------------------------------------------------------------------------------------------------------(1) Financial figures for 2010 to 2012 are presented in accordance with IFRS.(2) Financial figures for 2008 and 2009 are presented in accordance with Canadian Generally Accepted Accounting Principles.
2012/2011 financial year comparison
Revenues: $4.35 billion, an increase of $145.2 million (3.5%).
-- Revenues increased in Telecommunications ($204.4 million or 8.4% of segment revenues), Interactive Technologies and Communications ($24.6 million or 20.3%) and Broadcasting ($15.6 million or 3.5%).-- Revenues decreased in News Media ($58.4 million or -5.7%) and Leisure and Entertainment ($20.4 million or -6.5%).
