BCE shows strong revs

Earnings Brief

Bell Canada Enterprises’ first-quarter results showed strong revenue growth for BCE-owned broadcaster Bell Globemedia and BCE’s direct-to-home satellite service Bell Expressvu.

Bell Globemedia — which owns the CTV network and a slew of specialty channels — posted revenues for the quarter of C$394 million ($356 million), up 10.7% from a year earlier. Operating income dipped 30% to $41 million due to higher programming costs and costs of launching MTV in Canada in March.

Bell Expressvu posted 25% revenue grown in the first quarter and cash flow of $42 million, up from a year-earlier $3.6 million.

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