Thursday, July 23, 2015

Rogers reports improved first half 2015
financial results

Rogers Communications reports overall 2nd quarter financial results with revenue up 6%. The company's media division -- which includes magazine publishing -- saw operating results increased 24% to $1.05 million, but attributed mostly to the company's National Hockey League (NHL) licensing agreement together with growth at Sportsnet, the Toronto Blue Jays, and Next Issue Canada. Adjusted operating profit was up 5.5%, up 1.9% from the same six months last year. The company reported continued softness in print advertising and conventional broadcast TV, but also lower operating costs and improved efficiency across various media divisions.



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