Tuesday, October 27, 2009

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.

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3 Comments:

Anonymous Anonymous said...

and could someone explain to me again WHY Rogers need corporate subsidies and grants?

Don't believe me?

Macleans got almost $400,000 in 2007/08

Marketing mag got $70,000

Chateline got $155,000

Today's Parent $129,000

Canadian Business $172,000


http://www.pch.gc.ca/pgm/fcm-cmf/list0809-eng.cfm

3:34 pm  
Anonymous Anonymous said...

Bad news

another reason to layoff more employees

3:36 pm  
Anonymous Michael said...

Usually I object to the whining that takes place on this blog but I have to agree with Anonymous #1.

11:39 am  

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