CALGARY – Despite a jump in revenues, profits at Shaw Communications dropped for its fourth quarter and 2011 fiscal year ended August 31. The Calgary-based media giant said Thursday that consolidated revenue for the three and twelve month periods of $1.18 billion and $4.74 billion, respectively, was up 26% and 28% over the comparable periods in 2010. It credited the improvement to the acquisition of Shaw Media, as well as price changes and growth in its cable and satellite divisions. Net income, however, fell to $82.5 million for the quarter, down 32% from $121.6 million in the same period last...
