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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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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THE VOIP REVOLUTION could end with a single phone call.
No, not by a call from the CRTC deregulating the incumbent telcos, but by one dropped 9-1-1 call.
I’ve often wondered why, since the launch of VOIP, the newcomers came to market without 9-1-1 service. When Primus and Vonage and others began, buried in their marketing materials in teeny type, were notes mentioning their service can’t offer some of the basics people have come to expect, like, oh, 9-1-1.
While they’ve since moved to offer the emergency calling feature, I thought its absence was unconscionable at launch.
Personally, if I’m…
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TORONTO – Trust Ted Rogers to have a sense of history.
Twenty years to the day after his company (which employs a corporate historian) launched wireless telephony in Canada through Rogers Cantel with a phone call between then-Toronto mayor Art Eggleton and then-Montreal mayor Jean Drapeau, Rogers Communications is officially getting into the wired voice business through voice over Internet protocol and plain old circuit-switched telephony on Friday, July 1st.
But, it’s nothing like the launch of Cantel, or Rogers’ earlier wired telephony attempt, Unitel. The company hits the ground not only running, but in a leadership position. The…
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CALGARY – When you just want to get away from it all – and take some of it all with you, namely, your television – Star Choice has a system for you.
The Shaw Communications-owned DTH company today announced a partnership with Explorer Satellite Systems Inc., which will provide RV owners with access to Star Choice’s digital video and audio service, with the added convenience of mobility.
The ExplorerSC2000 mobile satellite system attaches to the rooftop of any RV, and automatically seeks out and locks on to both of Star Choice’s satellites, Anik F1 and F2. This system eliminates…
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OTTAWA – When it does launch its digital television service, Telus doesn’t want to jump through the Commission’s hoops every time it needs to make a competitive move to match Shaw, the western telco has told the CRTC.
Telus needs to be competitively nimble, so to have to ask the Commission for permission to make certain programming additions or alterations poses problems, it says, because it won’t be able to respond in a timely enough manner in its markets.
When contacted by www.cartt.ca today, and asked about the application, which was filed on December 13, 2004 and only made…
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ENGLEWOOD, Colo – Former Bell ExpressVu and Bell Mobility chief Michael Neuman today was named president and chief operating officer of EchoStar Communications.
Neuman was president of Bell Mobility until earlier this year when he was forced out after the wireless unit endured a series of billing blunders which saw customers either over-billed or un-billed, among other issues.
Neuman fills a post with EchoStar that had been vacant for more than a year. Prior to his stint with Bell Mobility, he served as president of Bell ExpressVu, WorldLinx Telecommunications and Cerberus Canada.
As president of ExpressVu, Neuman had an…
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