Shaw Communications had net loss of $33.1 million (Canadian) in f...
Shaw Communications had net loss of $33.1 million (Canadian) in first quarter ended Nov. 30, vs. $39.9 million profit year earlier, despite big jump in revenue to $345.6 million. Canadian MSO blamed earnings decline on $70 million gain from…
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sale of investments year ago and increase in amortization costs this year from its Cancom and cable acquisitions. Shaw said it signed up 17,000 more customers for digital cable service to end quarter with 148,000. It said it signed up 38,000 more cable modem subscribers and picked up another 26,000 from Rogers to reach total of 372,000. MSO also added 73,500 customers for its DBS service, Star Choice, boosting its total to 508,800. Shaw said it added another 15,705 high-speed data and 22,000 DBS subscribers in Dec.