Customer losses help pull down Q3 profits at Shaw

CALGARY – Third quarter profits fell 8.3% at Shaw Communications as the company continued to lose video and landline phone subscribers.Shaw said Thursday that its net income for the quarter ended May 31, 2015 was $209 million, down from $228 million for the same period last year, which included the impact of a $55 million (or $41 million on an after tax basis) write-down of IPTV assets.Consolidated revenue for the quarter was $1.42 billion, up 5.7% from $1.34 billion year-over-year, primarily attributable to the new Business Infrastructure Services division due to the acquisition of ViaWest as well as customer growth in...