Quote:
Originally Posted by Alberta_Beef
I'm not sure Quebecor not being able to come up with $500 million is a concern when their annual revenues are just shy of $10 billion.
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I've checked several sources, including Quebecor's own website. Their revenues for fiscal 2015 were just shy of $3.9 billion, with a net income of only $152 million – this after two years of net losses. Their total equity is only about $300 million – $9.1 billion in assets, $8.8 billion in liabilities. And the company has been bleeding cash.