Cable & Telecom

Shaw at 100,000 phone subs

CALGARY – Thanks to some accounting and tax changes, net income at Shaw Communications was $75.7 million for the first quarter, ended November 30, 2005 compared to net income of $44.7 million for the same quarter last year. (The numbers include a tax recovery related to a reduction in enacted income tax rates as well as amounts related to the retroactive adoption of a Canadian accounting pronouncement. Excluding these non-operating items, net income for the quarter ended November 30, 2005 would have been $38.8 million compared to net income of $15.7 million last year.) “Subscriber growth in the quarter in...