Argent (TV channel)

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Argent
CountryCanada
HeadquartersMontreal, Quebec
Ownership
OwnerGroupe TVA

Argent (Money) was a Canadian French language Category A specialty channel. The channel was devoted to business news and financial information. The channel was owned and operated by Groupe TVA, a division of Quebecor Media. It was the francophone counterpart of Business News Network.

History

On November 24, 2000, a consortium of companies including Groupe TVA (50.1%), Publications Transcontinental Inc. (30%) and BCE Media Inc. (19.9%) was granted a broadcasting licence by the Canadian Radio-television and Telecommunications Commission (CRTC) for a television channel called LCN Affaires, described as "a national French-language Category 1 specialty television service devoted to business and personal finance."[1]

Before the channel was launched, Groupe TVA bought the remaining shares from the other partners, bringing its ownership to 100%. Shortly thereafter, the channel was launched on February 21, 2005 as "Argent".[2]

On April 19, 2016, Quebecor announced that Argent would cease broadcasting after April 30, 2016. The company cited the channel's poor profitability as justification for the decision.[3]

References

  1. ^ Decision CRTC 2000-468 CRTC 2000-12-14
  2. ^ LA PREMIÈRE CHAÎNE FINANCIÈRE FRANCOPHONE EN AMÉRIQUE DU NORD Groupe TVA press release 2005-02-16 (in French)
  3. ^ "Quebecor Media's TVA Group closing business channel Argent". The Globe and Mail. Retrieved 19 April 2016.