Rogers' IPTV writedown results in $9M loss for Q4

TORONTO – Rogers’ decision to pull the plug on its own IPTV product pushed it in to the red with a $9 million loss for its fourth quarter.On Thursday, Rogers posted a $484-million charge related to discontinuing its IPTV product when it opted to go with Comcast’s X1 platform instead. Adjusted net income increased 15% to $382 million this quarter from $331 million in the same period last year, as a result of higher adjusted operating profit, lower depreciation and amortization, and lower finance costs, partially offset by higher income tax expense.Consolidated revenue for the period ended December 31, 2016 increased...