OTTAWA – Telesat is blaming an insurance claim for a $210 million drop in annual profit as reported in its quarterly and full year financials. Revenues for 2012 were $846 million, a 5% increase over the $809 million it recorded in 2011, but net income was only $27 million compared to $237 million in 2011, a decrease of $210 million.
“The 2012 net income was lower than 2011 due in part to the recognition in 2011 of a $135 million gain from insurance proceeds received in connection with an insurance claim filed for the failure…
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TORONTO – The future of cable is IP, and the CEO of Rogers says the company plans to take a similar leadership role in advancing its IP network offerings for customers that it did in introducing smartphones.
“Everyone is going IP, that is the future of cable,” said Rogers president and CEO Nadir Mohamed who also announced he will retire in January 2014, but will continue to lead the company through 2013. He was speaking at a media call this morning in Toronto. Late yesterday the company released its fourth quarter results of 2012 which beat…
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TORONTO – Rogers Communications announced late Thursday evening the company's president and CEO, Nadir Mohamed, has decided to retire in January 2014.
Mohamed was named CEO shortly after legendary company founder Ted Rogers died in late 2008. He began his communications career more than 30 years ago and joined Rogers in August 2000. He was president and CEO of Rogers Wireless from 2001 to 2005 and was appointed president and COO of Rogers Communications Group in 2005. Prior to joining Rogers, Mohamed spent 19 years at BC Tel (and later, Telus, when BC Tel was purchased).
"Nadir is a highly regarded…
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TORONTO – Content company Blue Ant Media has appointed Sam Linton to Executive in Charge of Production. Linton comes with over 24 years of broadcast experience in production and programming and will be working out of the company’s head office in Toronto.
The company owns specialty channels Travel+Escape, Bite TV and AUX TV along with four premium, commercial-free channels Oasis HD, HIFI, eqhd, radX and their companion websites.
“Original Content is very important to Blue Ant Media and we couldn’t be happier to have Sam join us to help lead the development of our…
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TORONTO – Michael Moskowitz is taking over as the new President of Panasonic Canada, effective April 1, 2013. Moskowitz replaces Ian Vatcher, who currently serves as President and will be retiring.
"We commend Ian for his leadership legacy of more than 30 years with Panasonic – a rarity in today's business climate – and for steering the company through challenging economic times and industry changes," said Joseph M. Taylor, Chairman and CEO of Panasonic Corporation of North America. "We welcome Michael's dynamic thinking, impressive industry knowledge and drive to continually innovate….
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OTTAWA – In Canada’s broadcast and communications industry, knowledge is power. The CWC 2013 Jeanne Sauvé Career Development program is designed to give women both. Whether you work in the private or public sector, the programs give you a "backstage pass" to learn how the other half lives.
The intensive learning experience is designed to give five participants (one each from Industry Canada, Canadian Heritage and the CRTC, and two from private-sector organizations) new perspectives, insights and direct access to some of the industry’s most influential policy and regulatory decision makers, as well as new…
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MONTREAL – Carolle Brabant's mandate as executive director of Telefilm Canada has been renewed for another three years.
"Under Carolle Brabant's leadership, the past three years have been very productive," said Michel Roy, Chair of the Board of Telefilm. "In the spirit of our 2011-2015 corporate plan, Fostering Cultural Success, to which she largely contributed, Carolle has managed to implement the Board's strategic direction while fostering a culture of success at Telefilm and in the industry.
"Under her management, over the next few years we'll be able to further integrate these recent changes and…
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TORONTO – Roam free? Well, not quite, but Rogers Communications promises it will soon launch new, more affordable, roaming rate for customers travelling to the United States. Rogers says it will lead the market with a new easy and worry-free roaming solution designed for Canadians travelling to the U.S.
Coming this spring, the company is introducing a new $7.99 pay-per-use roaming rate that gives customers access to 50 megabytes of data over a 24 hour period while travelling in the U.S. This new rate, available to consumers and businesses, gives customers nearly twice the data…
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TORONTO – Traditional management skills and knowledge alone won’t assure success for executives at high-tech organizations that are undergoing a dramatic transition. “Game Changers: TMT Leadership Skills in the Digital Age” reveals that today’s technology, media and telecommunications (TMT) executives need a new leadership toolkit to advance their careers and lead their organizations in the digital economy.
Commissioned by Canadian Women in Communications and prepared by Digital Theory, the consultation employed in-depth interviews with 61 TMT industry leaders from across Canada and the U.S. found that traditional management skills, while still important, no longer assure success…
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INDUSTRIES CONSOLIDATE. All industries. That’s the natural growth path. The big get bigger. If you doubt that, check the retail, mining, automotive, heck, any sector. Shareholders decide to divest, or need to divest and sell to the highest bidder. Sometimes they go bust. That’s our global economy.
So at this point, we have to accept the fact that unless we are going to slap some mighty regulations on wireless, all but nationalize the networks and force-feed Canadians many carriers (all of whom would then be undercapitalized weaklings), our market is not going to develop any more telecom companies. It’s too…
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