Rogers media division sees 9-month profit drop of 34%

Rogers Communications media holdings, which include the company's magazines (both consumer and trade) but also broadcasting and the Toronto Blue Jays baseball club, saw a fall in operating revenue of $22 million (about 6%) in the three months ending September 30. Operating revenue for the division for the quarter was $364 million, compared with $386 million in the same period a year ago. Adjusted operating profit for the period was $36 million, down from $43 million in the same period a year ago, a decline of 16%.

For the first three quarters, ending September 30, revenues declined $88 million or about 8% and adjusted operating profit was $63 million, down 34% from the same period a year earlier.