Thomas Seal and Thomas Seal, Bloomberg NewsVince Valentini, managing director of equity research at TD Cowen, joins BNN Bloomberg to share his outlook for Canadian telcos.
For decades, the Shaws controlled two separate public companies. Shaw Communications focused on selling internet, cable and wireless services to consumers in Western Canada, and was acquired by Rogers in April 2023 for about $20 billion . Corus, which is listed in Toronto, owns a clutch of cable television channels and a network of local TV and radio stations across Canada.
In June, Corus also lost important programming and trademark deals with Warner Bros Discovery Inc. and NBC Universal to Rogers — accelerating its spiral. The Shaws technically control Corus through their ownership of its voting shares. But far more of their wealth is tied to Rogers because of last year’s deal, which made them one of the largest shareholders of Canada’s biggest wireless company outside of the Rogers family. Bradley Shaw and another former Shaw executive sit on the Rogers board.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rogers Communications' Q2 profit up amid lower restructuring costs from Shaw mergerTORONTO — Rogers Communications Inc. reported its second-quarter profit rose to $394 million from $109 million a year ago, in part due to lower restructuring...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Rogers Communications' Q2 profit up amid lower restructuring costs from Shaw mergerTORONTO — Rogers Communications Inc. reported its second-quarter profit rose to $394 million from $109 million a year ago, in part due to lower restructuring and acquisition costs related to its purchase of Shaw Communications last year.
Source: SooToday - 🏆 8. / 85 Read more »
Rogers Communications' Q2 profit up amid lower restructuring costs from Shaw mergerRogers Communications Inc. reported its second-quarter profit rose to $394 million from $109 million a year ago, in part due to lower restructuring and acquisition costs related to its purchase of Shaw Communications last year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Rogers profit up amid lower restructuring costs from Shaw mergerRogers says the profit amounted to 73 cents per diluted share for the quarter ended June 30, up from 20 cents per diluted share in the same quarter last year
Source: globebusiness - 🏆 31. / 66 Read more »
Rogers earnings jump as Shaw-related costs fall, but revenue is flat as cable declinesRogers must now confront the challenge of reducing its nearly $44-billion debt load, much of that having been borrowed in recent years to finance the Shaw transaction
Source: globeandmail - 🏆 5. / 92 Read more »