Cable / Telecom News

Shaw registers customer gains for all products but basic cable TV


CALGARY – Shaw Communications Inc. registered customer gains in all areas – telephony, Internet, digital TV and satellite TV – except basic cable in the fourth quarter ended August 31, the company announced Friday. While Shaw’s revenue jumped 13.2% to $715 million in the fourth quarter over the same period last year, its net income declined 35% to $135.9 million from $210 million. The company’s bottom line was affected by an income tax recovery that occurred in the previous year that was not duplicated in the current fourth quarter. Cable division revenue grew 16% to $542 million in the fourth quarter...