How will these two media stocks, CMCSA and RCI, which are all scheduled to report Q4 results on Jan 26, fare this earnings season?
Last week has been pretty eventful for the telecom industry.
TORONTO, Jan 12 (Reuters) - Canada's Shaw Communications Inc posted a sharp fall in quarterly profit on Thursday, mostly due to the cost of shutting down a video streaming joint venture, while its shares fell on worries about slower wireless growth.
Shaw Communications Inc. (SJR) has been using Comcast's technology since 2015.
TORONTO, Jan 11 (Reuters) - Canada's Shaw Communications Inc announced a voice-controlled television product on Wednesday that it hopes will help it stem years of market share losses to western Canadian telecom rival Telus Corp.
Jan 11 (Reuters) - Canadian media company Corus Entertainment Inc's quarterly revenue more than doubled as it added more subscribers and gained from its 2016 acquisition of media assets from sister company Shaw Communications Inc.
Shaw Communications Inc. (SJR) is scheduled to release first-quarter fiscal 2017 results before the opening bell on Jan 12.
Comcast (CMCSA) inks new deal with Twenty-First Century Fox, Inc. (FOXA) after resolving its dispute over carriage of the YES Network.
Rogers Communication (RCI) will be the third cable operator in Canada to shift to the X1 platform.
Last week was all about earnings in the telecom sector. Several sector participants declared their third-quarter 2016 financial numbers, the overall results being a mixed bag.
The third-quarter earnings season so far has seen better earnings and revenue growth than in the past few quarters.
Last week has been quite unappealing for the telecom sector with large operators losing ground. This was primarily attributed to the not so impressive performance of these telecom firms in the third quarter of 2016.
Oct 19 (Reuters) - Canadian media company Corus Entertainment Inc reported a sharp drop in quarterly profit as it digested Shaw Communications Inc's media business, which it acquired in a C$2.65 billion ($2.03 billion) deal in January.
The telecom industry had a steady run on the bourse last week as most of the key stocks traded in the green.