Cable & Telecom

Moody’s cautions media companies’ shareholder-friendly moves

NEW YORK – North America media companies that ramp up shareholder initiatives to woo investors could be putting their credit quality at risk, according to Moody's Investors Service. In a special comment entitled ‘North American Media and Entertainment: An Arms Race: Limited Growth Spurs Rising Equity Returns Amid High Cash Levels’, Moody’s said that companies such as Shaw Communications and Time Warner Inc. paid dividends in 2011 that exceeded a third of their free cash flow.  That means their credit quality is at risk if these high payout rates continue to trend upward without other credit improvements, unless risk related...

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.