CALGARY – Shaw Communications announced a $300 million senior note offering to repay existing bank debt and for working capital.
The company will sell the aggregate principal amount of 6.15% senior unsecured notes, due May 2016, to a syndicate co-led by TD Securities Inc. and RBC Capital Markets, which will resell the notes.
A preliminary short form prospectus has been filed with securities regulatory authorities in all Canadian provinces in connection with the sale of the notes.
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CALGARY – With voice customers growing at a good clip, Shaw Communications Thursday announced net income of $45.8 million in the second quarter, compared to net income of $5.7 million for the same quarter last year.
Net income for the first six months of the year, ended February 28th, was $121.5 million, up from $50.4 million last year.
Total service revenue (Shaw Cable plus Star Choice plus other services) of $611.2 million and $1.2 billion for the three and six month periods, respectively, improved 11% and 10% over the comparable periods last year. Consolidated service operating income before amortization…
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CALGARY – "It’s not our problem that if someone’s in TV and then they buy newspapers so now they don’t make any money," said Shaw Communications CEO Jim Shaw, responding to a question on the potential for retransmission fees being paid to Canadian broadcasters by MSOs.
During a conference call with financial analysts Thursday presenting the company’s second quarter financials, Shaw said he thought any CRTC TV policy review would have a light impact on cable and if any new fees arise, they would just be passed on through to cable customers anyway.
CanWest Global CEO Leonard Asper has…
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CALGARY – Shaw Communications president Peter Bissonnette said Thursday that the cable division is looking at launching network digital video recording service.
The service would make personal video recording (PVR) capabilities available to any customer with a regular digital set top box as any recording would be done within the cable infrastructure and not on the consumer premises.
"We are very interested in the network PVR concept," said Bissonnette during a conference call Thursday.
While there are "switching and network congestion" issues that have to be worked out, he added, network DVR is something Shaw is testing.
Bissonnette gave…
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LOS ANGELES – Full length episodes of Lost, Desperate Housewives, Alias and Commander In Chief will be available on www.abc.go.com for free during a two-month trial, parent company Disney announced today.
Participating advertisers Include AT&T, Cingular, Ford, Procter & Gamble, Toyota, Unilever’s Suave, Universal Pictures and Walt Disney Pictures
Current episodes of the four programs – which are also available for purchase on iTunes, will be available for streaming during May and June, marking the first time a broadcast network has made multiple series available for viewing online, free of charge to consumers.
It’s not said in the…
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REGINA – Beginning next Saturday, Access Communications will show the second round of the Western Hockey League playoffs exclusively to its cable customers.
“We know our viewers across the province are passionate about hockey”, said Gursh Madhur, manager of community programming for the cable co-operative, in a release, “and we are excited to be offering this exclusive coverage.”
Round two of WHL playoff action features the series between Moose Jaw and Calgary.
This season’s WHL coverage is a result of a three-year agreement with the WHL and a partnership between Access Communications and Shaw Communications to bring WHL action…
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I FIND CARTT.CA AN EXCELLENT source of timely information about the exciting communications industry in Canada and occasionally we subscribers are treated to one of your humorous diversions, or at least that is what Thursday’s Commentary seems to be. It focuses on what can only be described as the old saying “rearranging the deck chairs on the Titanic,” Global style.
Last November I learned through your service that the CEO of Global, Mr. Leonard Asper announced, among other things, that “There is a battle coming.” He was also quoted as saying “We know the Commission has some sympathy…
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CALGARY – Shaw Communications launched its digital phone service in St. Albert and Sherwood Park this week.
Shaw’s first cable signal was broadcast in Sherwood Park in 1971 when JR Shaw launched the company in Alberta, after moving there from London, Ont.
As a primary home line, Shaw Digital Phone offers unlimited local and long distance calling within Canada and the U.S. and a bundle of six popular calling features.
"Launching Digital Phone service in the community where our history as a company began is a great milestone," said Jim Shaw, CEO, in a release. "Since our first cable…
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CALGARY – Shaw Cable announced today that it has signed a video on demand agreement with Warner Bros.
The new deal increases Shaw’s VOD library to over 2,000 titles, including recent movies like: Must Love Dogs, Tim Burton’s Corpse Bride, North Country, Oscar nominated foreign film Paradise Now and Harry Potter and The Goblet Of Fire.
www.shaw.ca
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GATINEAU – The CRTC wants to know more about account stacking before it renders a ruling in a dispute between cable, broadcasters and satellite companies and has called for comments on the issue.
Account stacking is where a BDU treats two (or more, as the complaint mentioned below contends) residences as a single subscription. So, for example, if a Star Choice customer has a dish at his home and cottage, he pays just one monthly fee.
In a complaint filed with the Commission in December and reported on only by cartt.ca here. Videotron has asked the CRTC to…
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