Tuesday, July 26, 2011

Rogers media arm saw 15% increase in revenue and 12% profit increase in first 6 months

The media division of Rogers Communications Inc. saw a 15% increase in operating revenue and a 12% increase in operating profit in the first six months of 2011 compared with the same period a year ago, according to information released from the company. (The media division includes publishing , sports entertainment, radio and digital media. Magazine results are not broken out.) Six-month operating revenue for the division was $776 million and profit was $67 million.
The company attributed the improved results to increased advertising sales and new subscriber fees, noting that there was a slight decline in revenues from The Shopping Channel.
Over all, Rogers reported $6.1 billion in revenues and net income of $890 million for the six months ended June 30.Wireless contributes about 57% of over all revenues, cable 31%, media about 12.7%.

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Anonymous Anonymous said...

...and thanks for the free content, freelancers (you suckers)

7:41 pm  

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