Cable / Telecom News

Revenue flat, operating income, subscriber numbers, dip at Shaw in Q3

CALGARY - Consolidated revenue at cable TV, internet, satellite TV and media company Shaw Communications for the three month period of $1.28 billion was basically flat (down 0.5%) compared to the same period last year. Revenue for the nine month period ended May 31, 2012 of $3.79 billion was up 6% over last year. Total operating income before amortization of $567 million declined 3% over the comparable quarterly period while the year-to-date amount of $1.63 billion improved almost 4%. Free cash flow for the three and nine month periods was $203 million and $379 million, respectively, compared to $240 million...