Shaw says profits up 28%, still mum on wireless

CALGARY – Third quarter profits at Shaw Communications were up 28% on revenues that cracked the $1 billion threshold, the company reported Wednesday. But it offered no glimpse into the future of its wireless plans beyond what CEO Brad Shaw told Cartt.ca last week.Consolidated revenue for the quarter ended May 31, 2011 were $1.28 billion, a 36% increase over $943 million in the same period last year, while net profits grew 28% year-over-year to $202.7 million from $158.2 million. Shaw credited the improvement to its acquisition of Shaw Media, as well as rate increases and growth in its cable and satellite divisions.Revenue at...