Tuesday, May 8, 2012

Sun News Network bolstered by $3-million cash boost

Sun News Network received a $3-million investment from its co-owners in the last quarter as losses accelerated at the upstart network, amid struggles to attract the subscriber base needed to woo large advertisers.
The television network’s financial information is reported through TVA Group Inc. Quebecor Inc. subsidiary that owns television and magazines in Quebec. It doesn’t break out the network’s revenue, but said that Sun News was not profitable.

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