Cable / Telecom News

TV customer losses eat into Q2 profits at Shaw

CALGARY - Despite an increase in revenue, Shaw Communications saw second quarter profits drop by 2.4%.For the three month period ended February 29, 2016, Shaw posted net income of $164 million, down from $168 million in the prior year.  The company said Thursday that the period included transaction costs associated with the Wind Mobile acquisition, higher amortization and a greater equity loss related to some of its investments, which were partially offset by higher operating income from continuing operations and higher income from discontinued operations, net of tax.Revenue for the quarter of $1.15 billion was up 3% from $1.12 billion...