Shaw Communications reports lower Q3 net earnings on flat revenue

Revenue up 1% to $1.34 billion, net Q3 income of $228 million

Cable and media company Shaw Communications Inc. reports a lower third-quarter net income of $228 million, or 47 cents per share.

Calgary-based Shaw missed analysts’ expectations on earnings per share by two cents.

In the same quarter last year, Shaw earned a net profit of $250 million, or 52 cents per share.

Revenue in the quarter was $1.34 billion, up 1% year-over-year.

Revenue in the company’s cable division vision was $845 million, an increase of 2%, while revenue in the media division was $301 million, down from $307 million year-over-year.

The company’s satellite TV operations had revenue of $220 million in the quarter, up from $218 in the same quarter last year.

Media Articles

Mona Networks takes mixed-use retail development mobile

New mobile network connects property management, office workers and retailers

Postmedia names Sid Lee agency of record

Win follows successful "Postmedia Reimagined" campaign

Corus Entertainment revenue up, adjusted earnings flat

Tough national advertising market adds pressure to revenue growth

Shaw profit beats estimates, but revenue doesn’t

Despite solid earnings, Shaw reports a drop in cable and satellite TV subscribers

The YouTubers CMOs need to meet

Four made-in-Canada YouTube channels brands should become acquainted with

Bell and Rogers in disagreement over NHL GamePlus mobile app

Canada's biggest media companies face off over access to NHL content

Fashion Magazine launches awards show

Inaugural event caps off annual World MasterCard Fashion Week

TVB disputes IAB’s ad spend figures

Television marketing body says numbers unfairly include digital spend on traditional media including broadcast and print

Rogers partners with Netflix on original series

Between starts filming in Toronto this fall