Cable / Telecom News

ANALYSIS: A steady summer of shomi speculation

Shaw write-down, content pauses, fuel talk of new, or no, partnershipIN JULY, SHAW COMMUNICATIONS wrote down the value of its 50% stake in the shomi streaming service to nil. That move, plus the fact shomi emerged from spring’s annual Los Angeles TV screenings with no new content purchases, has led many in the industry to wonder aloud about the future of the Rogers-Shaw joint venture.At the time of the write-down, Shaw CFO Vito Culmone told analysts the $51 million accounting charge taken after it had sold its traditional media assets to Corus Entertainment did not "say anything more about our...