Cogeco reports continued growth in latest quarter
Cogeco, the nation’s fourth largest cable provider, last week announced its financial results for the second quarter of its fiscal year which ended February 28, 2010.
Despite an extremely weak economy, Cogeco said overall revenue for the quarter increased by 5.5% from the same period a year earlier to $329.1 million while operating income grew a modest 0.7% to $124.4 million.
Coming soon to Video on Demand: Commercials!
In a broadcasting decision handed down yesterday, the CRTC has ruled that it will allow cable companies to insert commercials into select video on demand (VOD) programming.
In a surprisingly protectionist twist, however, the federal regulator says it will only allow commercials in television programming whose program rights are held by a Canadian broadcaster.
CRTC decision could cost consumers hundreds of millions annually
After rejecting the proposal on two previous decisions, the CRTC has succumbed to intense political lobbying and is now recommending a form of fee-for-carriage (FFC) tax that could cost Canadian consumers hundreds of millions of dollars annually.
The CRTC Broadcasting order , announced yesterday, means that satellite and cable companies will be forced to negotiate a fee with broadcasters for the mandatory carriage of local television signals that are already available for free over the air.
Canadian Cable Television profits soar in 2009
The CRTC has released the financial results for cable companies, Direct-to-Home (DTH) satellite distribution and Multipoint Distribution System (MDS) companies in Canada in 2009 and the numbers were staggering.
Despite the worst global downturn since the Great Depression, total revenues in the Canadian Broadcasting industry grew by $1.1 billion to reach $11.4 billion in 2009.
Rogers Cable customers upset about new Quickstart menu
Rogers Cable last week began the roll-out of its Quickstart menu to Digital Cable customers in Ontario.
The new menu, which Digital Home first told our readers about in November, is now spooling to select Rogers digital cables north and east of Toronto.
Revenues continue to climb at Cogeco
Cogeco, the nation’s fourth largest cable provider, today announced its financial results for the first quarter of its fiscal year which ended November 30, 2009.
Despite the severe recession Canadians find themselves in, Cogeco said overall revenue for the quarter increased by 6.4% from the same period a year earlier to $328 million while operating income grew 6.2% to $63.6 million.
Rogers adds History TV HD and MovieTime to its lineup
Canwest Broadcasting announced today that History Television HD and MovieTime in standard definition are now available on Rogers Digital Cable.
MovieTime SD is available on channel 86 while History Television HD airs on channel 561.
Revenues at Canadian Cable companies continue to soar
Statscan released figures this week show that operating revenue for Canadian cable and direct-to-home satellite television companies totalled $10.3 billion in 2008, up a whopping 14.4% from 2007.
Despite the fact that Canada was in a recession in 2008, the industry still managed to rack up it’s third consecutive year of revenue growth in excess of 10%.
