TORONTO – Corus Entertainment CEO Doug Murphy says the company is making progress on its goal of “returning to growth” after posting double-digit gains in third quarter revenues and profits.
Corus said Tuesday that net income attributable to shareholders for the quarter ended May 31, 2017 was $66.7 million, versus a $15.8 million net loss in the same period last year, which includes business acquisition, integration and restructuring costs of $4.6 million. Adjusting for the impact of this item resulted in an adjusted net income attributable to shareholders of $70.1 million in the quarter.
Consolidated revenues for the quarter of $461.6 million…
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HAMILTON – When Comcast, the largest cable company in North America, needed to upgrade its network to handle the massive demands of delivering IP video at scale, there was no where to turn.
No vendor could provide the complete solution Comcast needed. So the company developed one itself, Neill Kipp, a distinguished engineer and software architect for Comcast, told last week’s Clearcable Networks Technology Summit in Hamilton, Ont.
“I think what is intriguing about the Comcast story is that they turned to open source to find a solution. A lot of small operators think open source is not viable,” said Rob…
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CALGARY – Shaw Communications and Vancouver’s Mobi by Shaw Go bike share system are setting the wheels in motion this Canada Day long weekend to help residents give back to the community.
Shaw pledged to donate $1 to Ronald McDonald House British Columbia and Yukon for every ride Vancouver residents and visitors take on Mobi by Shaw Go from Friday, June 30 to Monday, July 3. The initiative is part of Shaw's Canada 150 birthday wishes campaign to recognize the people and organizations who are doing exceptional work to improve the lives of children and youth.
"Whether you're biking to work,…
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TORONTO – Hollywood Suite will offer the red carpet treatment to new customers in Ontario, B.C., and Alberta after finalizing agreements with Cipher TV (AEBC Internet Corp), Beanfield Metroconnect and Frontline 360 Inc. for its four HDTV movie channels.
“We are thrilled to satisfy more and more Canadians’ appetites for nostalgic, high-quality programming with our growing service partnerships,” said Hollywood Suite content distribution VP Julie Kumaria, in the news release. “With an illustrious, expansive film catalogue and monthly movie premieres to boot, Hollywood Suite is excited to deliver the customers of Cipher TV, Beanfield Metro Connect and Frontline 360 unparalleled…
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MONTREAL and CALGARY – Videotron is continuing to shed its wireless spectrum outside of Quebec, announcing early Tuesday that Shaw Communications has bought seven licences for $430 million.
The sale includes three 700 MHz licences covering southern Ontario and the entirety of Alberta and British Columbia, and four 2500 MHz licences covering Toronto, Edmonton, Calgary and Vancouver.
The transaction is subject to required approvals from regulatory authorities, including the Competition Bureau and Innovation, Science and Economic Development Canada. It has already received all required internal approvals at Shaw and Videotron parent company Quebecor.
Videotron said that the proceeds of the sale will…
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CALGARY – Shaw Communications has sold off its Denver-based subsidiary ViaWest Inc. for approximately C$2.3 billion (US$1.675 billion) to GI Partners portfolio company Peak 10 Holding Corporation.
The deal is subject to customary conditions, including U.S. regulatory approval, and is expected to close by the end of the company’s fiscal 2017 year-end in August. It is not subject to a financing condition.
ViaWest provides hybrid IT solutions, including colocation, cloud computing and security and compliance for North American enterprises. Shaw, which bought ViaWest in 2014 for US$1.2 billion, said that it expects to realize net cash proceeds of approximately C$900…
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THE ANNUAL CANADIAN MEDIA LEADERS panel at the 2017 Banff World Media Festival pivoted from the future of production, development, and broadcast screen-based content to the onslaught of streaming opportunities commanding the increased attention of domestic advertisers and viewers.
Those leaders included: Rick Brace, president of Rogers Media; Randy Lennox, president, Bell Media; John Brunton, chair and CEO of Insight Productions; Sally Catto, general manager, programming, CBC; and Barbara Williams, EVP and COO, Corus Entertainment.
Running throughout the discussion was a strong sentiment that non-Canadian OTT services should be paying their fair share of domestic taxes and other tithings for the…
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TORONTO – An increasing number of Canadians are not only opting for alternative video services, their level of satisfaction is higher for alternatives than for their traditional pay TV service, according to new data from J.D. Power.
The Canadian Television Provider Customer Satisfaction Study measures overall satisfaction with television service providers based on six factors (in order of importance): performance and reliability; cost of service; programming; communication; billing; and customer service. The Canadian Internet Service Provider Customer Satisfaction Study is based on five factors (in order of importance): performance and reliability; cost of service; communication; billing; and customer service. Continue Reading
TORONTO—ISED Minister Navdeep Bains' clarion call Monday for the Canadian telecom industry to slash its wireless and broadband prices re-ignited a heated debate within the industry about the sector's direction.
That debate was on full display on the stage of the Canadian Telecom Summit here Tuesday evening. In a contentious 90-minute session moderated by Cartt.ca editor and publisher Greg O'Brien, senior officials from Bell Canada, Rogers Communications, Telus, TekSavvy Solutions and the Public Interest Advocacy Centre tangled over the industry's current pricing policies and the response needed to the Liberal Government's populist push for lower consumer…
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Cable Cable n’est PAS propriétaire des Raptors
IL Y EUT UN MOMENT marquant lors de l’audience du CRTC sur les services téléphoniques de base qui a bien montré comment les indépendantes gèrent leurs entreprises différemment des grosses compagnies.
Lors de la comparution de la Canadian Cable Systems Alliance (CCSA), les conseillers du CRTC semblaient éprouver des difficultés à déchiffrer leur plan de déploiement de la fibre.
Établie à Fenelon Falls, en Ontario, Cable Cable a été fondée en 1983 et dessert environ 4000 clients vidéo et 6500 clients de large bande dans la municipalité de Kawartha Lakes. Ils fournissent un service de…
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