First quarter profit at Quebecor Media increased 42.7 per cent over last year to $58.8 million after its cable and newspaper divisions recorded significant revenue increases.

The Quebecor Inc. subsidiary posted overall revenues of $877.1 million in the first quarter of this year, up 16.8 per cent over the same period last year.

"Once again, the excellent results were driven by sustained growth in the cable segment, which continued to register healthy customer increases in all its lines of business," said Quebecor Inc. president and CEO Pierre Karl Peladeau in s statement.

First quarter revenue at Quebecor Media's cable segment climbed 20 per cent to $430.6 million thanks to an increased number of customers and rate increases.

Meanwhile, its newspapers segment saw revenues increase 21.4 per cent to $267.4, due mostly to the acquisition of Osprey Media, which closed last August.

In January, Quebecor World entered into bankruptcy protection in Canada and the United States. The company says the procedures will have no material impact on Quebecor Media's operations.