11:06 AM EST - Quebecor Media Inc. : has swung to a fourth-quarter profit of $112.4 million from a year-earlier loss of $97.1 million, when there was big writedown of broadcasting assets. For the full year, Quebecor Media's net income totalled a record $327.1 million, contrasting with a loss of $169.7 million in 2006. Annual revenue jumped 12.2 percent to $3.37 billion and operating income jumped 20.5 percent to a record $963.9 million. Quebecor Media Inc.
shares T.QBR.B are trading up 18 cents at $30.97.
