TORONTO – Rogers Communications share price dipped somewhat today as the company missed analysts expectations, but overall, the wireless, telecom, cable and media company turned in a solid second quarter of 2008, ended June 30, 2008.
Highlights of the second quarter of 2008 (taken right from the RCI press release) include the following:
* Generated continued double-digit growth in quarterly revenue and adjusted operating profit of 11% and 17%, respectively, while net income increased to $301 million (or to $364 million on an adjusted basis), and adjusted operating profit less interest expense and PP&E additions rose 20% to $475…
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DARTMOUTH, N.S.- Newcap Inc. announced today it will pay Haliburton Broadcasting $18.95 million for 12 FM stations in Central and Northern Ontario.
The press release doesn’t specify the stations exactly, but Haliburton owns 12 English-language radio licenses across Ontario’s cottage country and into northeastern Ontario which are branded Moose FM.
The stations are all generally A/C, classic rock or light rock stations and several are the only local FM signal in the market. The Moose stations’ frequencies and towns are: 106.3 North Bay; 93.1 Timmins; 97.7 Bancroft; 99.5 Bracebridge; 93.5 Haliburton; 105.5 Huntsville; 101.3 Parry Sound; 98.1 Cochrane; 94.1…
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OTTAWA – The Canadian Internet Policy and Public Interest Clinic (CIPPIC), based at the University of Ottawa, Faculty of Law, has asked the Office of the Privacy Commissioner to open an investigation into targeted web advertising.
Using certain technologies, including deep packet inspection, Canadian ISPs can identify tendencies of its users in order to better target the web ads sent to their computer screens as they search. The idea is to deliver better, more relevant ads to consumers and deliver better, more relevant customers to advertisers.
The practice, known as behavioral targeting, is used in many jurisdictions, such as…
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TORONTO – Rogers Sportsnet has announced it will increase the number of Toronto Maple Leafs games it will televise to 28 this season, more than any other broadcaster. All telecasts will be available in high definition on Rogers Sportsnet HD.
Sportsnet will also broadcast an exhibition game between Toronto and the Buffalo Sabres on September 22nd, which is at no cost to fans to attend.
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DARTMOUTH – Newcap and Rogers Broadcasting Limited have agreed to exchange radio stations subject to approval from the CRTC.
Newcap will exchange its CFDR AM broadcast licence in Halifax, Nova Scotia and receive in return Rogers’ CIGM AM licence in Sudbury, Ontario and $5.0 million. Both parties have simultaneously submitted applications for this transfer of assets along with applications requesting conversion of the AM licences to FM.
"If approved by the CRTC, this transaction will improve service to the public with superior FM quality signals in both Halifax and Sudbury. We have owned CFDR for over 20 years, and…
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TORONTO – The unions and guilds that represent Canada’s professional performers, directors and screenwriters are lining up in support of The Canadian Film and Television Production Association (CFTPA) efforts to secure equitable agreements for program rights in negotiations with the major private broadcast networks, as well as the CBC.
"We support the independent producers’ position that equitable terms of trade agreements are needed to secure fairer deals for program rights," said Stephen Waddell, national executive director of the Alliance of Canadian Cinema, Television and Radio Artists (ACTRA). "Reaching fair terms for granting rights is a struggle with which we…
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A NUMBER OF PEOPLE have mentioned through 2008 that this has been an especially tumultuous year for the Canadian Cable Systems Alliance, and some have questioned its vitality.
Regulatory changes, economic challenges, member company departures thanks to acquisitions, more new technology. Aren’t all of these issues conspiring to damage the CCSA and its membership? In a word: No. In a few more words: These are the very challenges the CCSA has confronted head-on since its origination. 2008 doesn’t present anything new.
Members have always come and gone. Founding member Fundy Cable is long gone, for example. However, when 500,000-plus-customer…
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MONTREAL – Canada’s English and French-language producers say they are determined to reach a fair deal with television networks as each side prepares to make their case on a new deal for program rights across a variety of platforms and media.
Tomorrow, the Canadian Film and Television Production Association (CFPTA), which represents the majority of English-language independent producers, is slated to sit down with CTV, Canwest Global and Rogers to begin negotiating so-called “terms of trade” negotiations – framework agreements aimed at defining and valuing program rights. These framework agreements would apply to individual negotiations between broadcasters and producers…
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TORONTO – Rogers Communications, in a statement released today, says the nearly $1 billion it bid to increase its spectrum holdings during the current wireless auction will ensure the company is “well prepared to serve its customers now and in the future with leading innovative broadband wireless services.”
"The 20 MHz of Advanced Wireless Services (AWS) spectrum gained through the auction supports Rogers’ continued growth strategy, and is a responsible investment particularly in the future diverse and growing opportunities to be found in broadband wireless data services," said Rob Bruce, president, Rogers Wireless. "This additional spectrum provides us with…
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OTTAWA – Finally, after nearly two months of bidding, involving 331 rounds, Canada’s auction of wireless spectrum ended today, but is merely the first wave of change that will transform the nation’s telecommunications industry.
Canadian companies bid a total of $4.25 billion for 282 wireless-airwave licenses, the proceeds are more than twice the amount analysts had expected. The 15 successful bidders of the auction that began May 27 are eligible to receive licenses after making their final payments and showing compliance with Canadian ownership and control requirements.
Rogers Communications, Canada’s largest wireless carrier, bid $999.4 million for 59 licenses, reports…
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