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

‘TV my way’ segment continues to grow: MTM

One of four emerging trends identified in technology adoption report

CBC taps Errol Da-Ré for Olympic sales role

Former Shaw Media sales executive to secure sponsors for Rio Games

On The Move: Promotions at Union and District M

A weekly update of who's headed where in Canadian marketing and communications

OMD tops Gunn Report for 10th straight year

Report lists Canadian office's 'Smart City Project' among the network's best work

Embrace Twitter’s changes before flying off the handle

Martin Waxman explains why he's suffering from the Twitter blues

Who’s the boss? PR pros or journalists? (Study)

Professor looks at the varied ways PR professionals "act on journalism"

Former Conservative staffer joins Citoyen Optimum

Catherine Loubier takes vice-president, strategic counsel and public affairs role

TSN introduces ‘Champions Live Here’ positioning

Multi-platform campaign launched during the Super Bowl with a 60-second anthem

Twitter’s flock flattens

Social media site fights to stay relevant as user base remains stagnant