Cable / Telecom News

Q2 profits at Rogers buoyed by Blue Jays, wireless


TORONTO – Gains in its wireless and media division helped to boost second quarter profits at Rogers Communications by 9%, the company announced Thursday.For the period ended June 30, 2016, net income of $394 million and adjusted net income of $427 grew from $363 million and $412 million respectively year-over-year, primarily as a result of higher adjusted operating profit and lower other expense, partially offset by higher depreciation and amortization. Net income also benefitted from lower restructuring costs.Consolidated revenue increased 2% to $3.46 billion this quarter, reflecting revenue growth of 1% in Wireless, 6% in Media, and 3% in Business...