Expenses rise at Rogers Media - but so does profit

TORONTO – First quarter revenue at Rogers Media jumped 10.8% to $266 million, driven by a range of factors. The division (which owns such assets as Rogers Sportsnet, OMNI, The Shopping Channel, 46 radio stations and a magazine group that publishes Maclean's, Chatelaine and many others) also saw its expenses climb by 9.7% in the quarter to $249 million. Operating profit however, still jumped 30.8% to $17 million. The increase in this division's revenue for the three months ended March 31, 2007 over the corresponding period in 2006 reflects growth across all of media's divisions as well as the impact...