Cable / Telecom News

As CEO steps down and the company takes on a new division, Shaw posts strong 2010

CALGARY - Consolidated service revenue at Shaw Communications for the fourth quarter and full fiscal 2010 year of $939 million and $3.72 billion was up 8% and 10%, respectively, over the comparable periods last year.This will be the last full fiscal year as a pure carrier company and under CEO Jim Shaw, as the company will close its purchase of Canwest Global on October 27th and Jim's brother Brad is slated to take the CEO's seat January 13th.Total service operating income before amortization of $423 million and $1.76 billion, respectively, improved 7% and 14% over the same periods. Excluding a one-time CRTC...