Consolidated service revenue up, net income down at Shaw in Q2

CALGARY – “Solid” subscriber growth, including a “record” quarterly gain in digital subs, helped Shaw recognize a 10% jump in consolidated service revenue for its second quarter, compared to the same period last year. Consolidated service revenue for the second quarter ended February 28, 2009 was $839 million, while service operating income of $381 million before amortization was a 9% improvement over the same time last year. The company also reported funds flow from operations increased to $335 million compared to $304 million in the same year-over-year period. Free cash flow for the quarter was $138 million, flat compared to...