TORONTO – With huge top and bottom line growth in radio, Corus Entertainment today went to some lengths to show that it isn’t just happenstance or an anomaly, but a broad-based resurgence.
The company’s third quarter results, released Thursday, showed the company’s radio profits surged by 21% on a 12% increase in ad revenue. For public companies, this is always challenging. It’s great news now, but then the company is under pressure to grow even more next year.
Company CEO John Cassaday showed financial analysts late Thursday afternoon how broadly-based the spike in ad revenue is, saying 12…
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TORONTO – While many of their radio brethren have either hopped on board one of the Canadian satellite radio license-holders or appealed to the government to rescind the licenses, Corus Radio and Rogers Radio have stayed on the sidelines.
During a conference call with financial analysts Thursday, Corus Entertainment CEO John Cassaday said that while he envisions some impact from Canadian Satellite Radio and SIRIUS Canada, they’re nothing but new competitors to overcome.
“Our view is that it is possible over time that there will be some impact on in-car tuning to radio but we believe that’s, in all…
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VANCOUVER – Shaw Digital Cable customers in Vancouver no longer have to log on to the Internet to order video on demand.
Shaw Cablesystems today introduced remote control ordering of VOD movies and entertainment in Vancouver.
Shaw Digital customers in Vancouver will be able to order the most popular new release movies and other programming directly from their remote control, and watch it right away with full DVD capabilities like pause, fast forward and rewind.
While Shaw has offered VOD in Vancouver since 2002, it was only available to those who were also Shaw Internet customers. Movies were ordered…
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CALGARY – Radio segment profit increased by 21% to $22.2 million, while television segment profit was up 15% to $34.7 million for Corus Entertainment as the company reported its third quarter results today.
As for ad revenue, radio posted a 12% increase while the specialty television ad revenue climbed 16%. Corus owns 53 Canadian radio stations and a number of specialty TV channels such as YTV, CMT, W and Scream.
Nelvana, the company’s content division, contributed to the momentum with positive earnings and cash flow for the fourth consecutive quarter, says the company.
"We were very pleased with our…
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TIMMINS – Rogers Radio’s Q92 in Timmins has undergone a few personnel moves recently.
General manager market sales Mick Weaver recently departed to head up Rogers’ CHEZ 106 and Oldies 1310 in Ottawa, says Rogers Radio’s Timmins manager Art Pultz.
The market sales manager is now Angelo Lia while Pultz has now taken on a larger role as operations manager.
Q92’s popular morning man Darryl Spring is now working overnight at the Edge in Toronto – so the Timmins “drive” show is being hosted by Jeff Spindel, who joined from 97.7 Sun FM in Grande Prairie (OK Radio) with…
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MONTREAL – While reporting a quadrupling of third quarter net income to $8.2 million Cogeco Cable, the country’s fourth-largest MSO, said the number of telephone customers it has predicted adding is likely conservative.
The company has only been in market with a voice over Internet protocol service since June 8th (and only in some of its markets – Oakville-Burlington launched June 8th, Trois Rivieres three weeks later) and company CEO Louis Audet declined to give any early signup data. However, it has told analysts this year it expected to connect 7,000 to 8,000 telephony customers by the end of…
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OTTAWA – Three days before the two sides were to face the CRTC, OUTtv and Shaw Communications have settled their disagreement.
The deal means that gay, lesbian, bi-sexual and transgendered lifestyle channel OUTtv will be re-packaged on Shaw Cable and Star Choice. OUTtv objected to the way it was being packaged as a stand-alone service, contrary to its rights as a category one digital channel as a must-carry.
Shaw and OUTtv were to face the CRTC for one more ruling on Friday but the channel withdrew the complaint after the two sides came to an agreement last Tuesday. “The Shaw…
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CALGARY – With son and CEO Jim in Africa on vacation (but in on the call), Shaw Communications founder and chairman JR Shaw led today’s company conference call with financial analysts
As reported yesterday by www.cartt.ca, Shaw had over 22,450 telephony customers as of the end of the third quarter of fiscal 2005, May 31st. That level of growth – which is continuing – has led the company to not only boost its capital expenditure plans for the immediate future, but also dramatically quicken its penetration expectations.
“At this stage our price point of $55 a month does…
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CALGARY – Shaw Communications today reported solid third quarter results, beating analysts extimates and revealing its number of telephony subscribers for the first time.
The satellite, cable, Internet and telephone company announced net income of $43.3 million or $0.16 per share for the quarter ended May 31, 2005 compared to net income of $24.8 million or $0.06 per share for the comparable period in 2004. The market was expecting $0.12 per share.
Net income for the nine months of the year was $94.2 million or $0.36 per share, up from $62.0 million or $0.14 per share last year.
"Shaw’s…
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CALGARY – Shaw Cablesystems today said it has added Rogers Sportsnet HD and Fox HD to its channel lineup.
The two channels are included at no charge to customers subscribing to Shaw Digital.
While Fox HD carries much popular TV programming, including NFL Football, NASCAR racing, American Idol, 24, House, Stacked, The O.C., and Malcolm in the Middle, Sportsnet is the HD leader in Canada with hundreds of hours of HD content, including every home game of the Toronto Blue Jays in HD. Sportsnet has broadcast about 150 live events since the Toronto Blue Jays opened their HD schedule…
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