05/15/2015 15:30 EDT | Updated 05/15/2016 01:12 EDT

Power Corp. says La Presse+ tablet product is garnering a lot of interest

TORONTO - Power Corp. says it's fielding calls from large American and European media companies interested in its digital newspaper product, La Presse+.The Montreal daily La Presse, which is owned by Power Corp., spent roughly $40 million developing the product, which is a digital version of the newspaper that can be viewed on tablets for free.Since its launch in 2013, La Presse+ has boasted success in getting younger readers to engage with its content.Power Corp. (TSX:POW) recently sold all of the French-language regional newspapers in Quebec that were operated by its subsidiary, Gesca, in order to focus on launching the new digital project.The Montreal-based holding company also reported its first-quarter financial results Friday.Net earnings attributable to shareholders increased to $354 million or 77 cents per share in the first quarter from 242 million or 53 cents in same year-earlier period.