Cable / Telecom News

Q1 solid at Shaw

CALGARY – While subscriber losses worried some on Bay Street (the company dropped 28,000 video subscribers in the first quarter of fiscal 2013, ended November 30, 2012) Shaw Communications posted overall positive operating results for the three months ended November 30, 2012. Consolidated revenue for the three month period of $1.32 billion was up 3% compared to the same period last year and total operating income before amortization of $601 million improved 6% over the comparable period. Free cash flow for the quarter was $244 million compared to $119 million for the same period last year. Increased operating income before...