TORONTO – Fourth quarter profits tumbled at Corus Entertainment as the company continued to absorb its acquisition of Shaw Media.
The company said Wednesday that net income attributable to shareholders for the quarter ended August 31, 2016 was $25,000, well below the $17.8 million posted in the same period last year, which includes business acquisition, integration and restructuring costs of $19.6 million. Adjusting for the impact of these items resulted in an adjusted net income attributable to shareholders of $14.5 million.
Consolidated revenues for the quarter of $384.5 million increased 99% from $193.6 million year-over-year, reflecting the acquisition, while consolidated segment…
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MONTREAL – Stingray Digital Group has added to its classical music offering after acquiring hundreds of exclusive pre-2013 concerts and documentaries from Berlin-based EuroArts.
EuroArts will continue to distribute the acquired programs and will maintain its distribution, acquisition and production businesses, continues the news release.
Stingray also secured worldwide rights to EuroArts' back catalogue as well as an option to purchase all future content. In addition, the two companies have struck a long-term partnership whereby EuroArts will be Stingray's exclusive distributor of the acquired programs.
“To compete in today's media landscape, working with the best content producers and distributors is paramount,"…
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TORONTO – As the Rogers-Shaw over-the-top viewing portal shomi is wound down by the end of November, many have wondered what the companies are going to do with the content they have under contract.
There were rampant rumours throughout the summer as the two companies pondered their commitment to shomi, and sources told Cartt.ca that Amazon was a player in trying to negotiate a content arrangement with Rogers and Shaw to launch its video streamer in Canada.
We asked Rogers Communications CEO Guy Laurence these questions yesterday during a press session announcing its…
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OTTAWA-GATINEAU – The CRTC took matters in to its own hands Thursday, throwing out the wholesale high-speed access rates proposed by the country’s large cable and telephone companies in favour of its own.
In its decision, the Commission said that the proposed rates from incumbent carriers “were not just and reasonable” and that they were therefore revised downwards. It also expressed “significant concern” that that some of the companies have not conducted their cost studies in accordance with well-established costing principles and methodologies, and disregarded the CRTC provided Regulatory Economic Studies Manuals .
“Competitors that provide retail Internet services to Canadians using…
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CALGARY – In an effort to celebrate people and organizations making a difference in the lives of Canadian youth, Shaw Communications will recognize and support 150 local charitable and community activities through 2017.
Through its Shaw Kids Investment Program (SKIP), Shaw said that it will provide grants to charitable and non-profit organizations planning heritage and cultural youth-focused events that celebrate Canada’s sesquicentennial; charitable organizations planning Canada 150 initiatives that support children and youth; and organizations championed by outstanding Canadians going above and beyond to support our nation's youth.
Nominations are now being accepted here.
"Canada is more than just our home, it's…
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CUSTOMERS OF Shaw Direct, Northwestel, Xplornet, and Bell Mobility experienced service disruptions Sunday due to a “technical anomaly” with Telesat’s Anik F2 satellite.
According to a CBC News report, the satellite cut out around 5:00 PM EDT Sunday, impacting customers in northern Quebec and Nunavut. The bird helps provide cellphone, television and Internet service, though the outage also impacted ATMs and aircraft in some communities.
Telesat had the problem fixed by early afternoon EDT on Monday.
“The satellite is performing normally and all of its subsystems appear healthy”, reads the company’s statement. “Satellite anomalies like the one that affected Telesat’s Anik F2 yesterday are highly…
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GATINEAU – The full results of a first-of-its-kind independent, national study on broadband performance in Canada shows that Internet service providers (ISPs) largely meet or exceed their advertised download and upload speeds.
Participating ISPs in the survey (announced last year and for which preliminary results were made public in the spring), conducted by SamKnows and which was commissioned by the CRTC, included all the main wireline service providers in Canada, with the exception of Sasktel, which declined to participate, said the CRTC in a press release this afternoon.
The data collected will…
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OTTAWA – Registration is now open for the 14th annual International Institute of Communication – Canadian chapter conference scheduled for November 16 -17 at the Shaw Centre in Ottawa.
Dubbed ‘Towards an Innovation Agenda for the Communications and Media Sector’, the confab will bring together leading communications sector players from government, industry and other areas to discuss the developments and policies that influence innovation. Highlights include:
– A keynote address from CRTC chairman and CEO Jean-Pierre Blais;
– An expert panel will explore the positive ways in which big data is being harnessed to drive Canadian innovation and productivity, plus showcase digital…
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GATINEAU – Canada’s broadcast distribution undertakings (BDUs) say they are doing what is required of them to meet rules on an entry level small package of TV channels, and that calls from consumer groups for additional provisions on promotions and set top box prices are unwarranted.
Eastlink noted its in final reply that a request from the Consumers’ Association of Canada (CAC) and the Public Interest Advocacy Centre (PIAC) to include comparison charts explaining the differences between tiered services and the small basic package should be denied.
“As noted by other parties during the hearing, when one takes into account both…
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TORONTO – Shaw Communications and Rogers Communications have decided to shut down their joint Canadian subscription video on demand service shomi after less than two years in operation.
A statement on Monday confirmed that the service is winding down, a process that will be completed by November 30, 2016.
"The business climate and online video marketplace has changed markedly in the last few years”, reads the statement by shomi SVP and GM David Asch. “Combined with the fact that the business is more challenging to operate than we expected, we've decided to wind down our operations."
The move signals an end to…
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