CALGARY – Corus Entertainment announced today it’s been advised that the Shaw family, and entities owned or controlled by them, completed the purchase of an additional 250,000 Class B non-voting shares of the company during the week of April 29, 2005.
At the close of trading on April 29, Corus shares traded at $30.19 on the Toronto Stock Exchange, placing the value of the investment at around $7.5 million.
The Shaw family is the radio and specialty service broadcasting company’s controlling shareholder.
The Shaw family, and entities owned or controlled by them, now holds 2,897,150 shares of Corus. The…
Continue Reading
HAVING COVERED THE Cable, radio, television and telecom markets for well over seven years now, you could say I was inspired.
I’ve written about so many entrepreneurs who gambled and won (and a few who gambled and lost, too) that I suppose it had to rub off on me.
Warning, blatant self-promotion now follows.
So, on Monday, May 2 at 4:13 p.m., www.cartt.ca went live and on Tuesday, our first-ever newsletter went out filled with original stories you…
Continue Reading
WINNIPEG – Manitoba Telecom Services reported huge (160.8%) growth in its television customers with the release of its second quarter financial report today.
While the still-small MTS TV group is still classified as “Other Revenue” by the company, lumped in with the company’s directory business and other items, that unit earned $22.6 million in revenue in the first quarter of 2005, a 40% jump over Q1 2004.
Offered to customers in Winnipeg, MTS TV counted 37,219 customers at March 31, 2004, placing it in the top 12 of television signal distributors in Canada. Today, the company reported it had…
Continue Reading
CALGARY – Prodded by analysts to peer into their regulatory crystal ball, Shaw Communications’ chief executives Jim Shaw and Peter Bissonnette said they envision an easier regulatory environment in the not-too-distant future.
During the company’s second quarter conference call on April 15, after fielding questions on going to all-digital and offering more channels on a pick-and-pay basis, CEO Shaw predicted policy changes on the horizon for Canadian television channels.
“We think the protectionist nature of programming now in Canada is going to change in that services will have to stand on their own merits,” he said, referring to the…
Continue Reading
TORONTO – The whole Rogers Communications campus is rather wrapped up in four little letters these days: VOIP.
Both 333 Bloor St. E and One Mount Pleasant are buzzing as the company gets set to launch its brand new voice over Internet protocol product in July. It’s the latest addition to the Rogers bundles and adds a crucial fourth tentacle to the company’s wireless, video and data offerings.
What’s newest about this product is that, according to company CEO Ted Rogers, one option will combine the wired and wireless phone. Think about it. One handset that acts as your…
Continue Reading
