UPDATE #2: Business as usual after Shaw quits CCTA; Rogers "disappointed"

CALGARY - Shaw Communications announced this morning that it is resigning from the Canadian Cable Telecommunications Association ("CCTA") effective today. “As the telecommunications and broadcasting industries evolve, it is becoming increasingly clear that the member companies of the CCTA have divergent interests and differing strategic objectives making it difficult to build industry-wide consensus on various issues. Shaw believes that it will be better served by pursuing its own strategies and developing its own objectives without the added burden of seeking industry consensus,” says the Shaw release. It’s not immediately known at this point what the long-term future is for the...