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

On The Move – Weekly Roundup

A recap of who’s headed where in Canadian marketing communications

Kijiji, eBay and StubHub bring media sales in-house

Move intended to streamline the sales process, giving buyers more efficient access to 13 million unique Canadian visitors

Discovery’s shark stunt goes awry, but gets the word out

Bell Media and Nissan looking to promote Shark Week Rogue programming

Disney titles coming to Netflix Canada

Top titles to appear 8 months after release

Social Scanner: Don’t shut down your brand war room

Plus, there's a $6 billion social network without any members

Clear Channel Outdoor appoints new Canadian head

Veteran OOH exec Adam Butterworth succeeds John Jory

Netflix now used by 1/3 of Anglophone Canadians: study

Despite relatively low cost, service is more likely to be used by affluent households

CBC hits ratings peak with World Cup final

Average audience greater than Grey Cup and Stanley Cup playoffs