Rogers releases second quarter results
Rogers Communications has released its second quarter results — and things are looking pretty good for its media division.
Rogers Communications has released its second quarter results — and things are looking pretty good for its media division.
According to the statements, the media division's revenue grew 13 per cent, compared to the same quarter last year. Adjusted operating profit, when compared to the previous year, is up by 47 per cent.
Also according to Rogers' financial statements:
[node:ad]"The increases in Media's revenue … were mainly the result of increased advertising sales and new subscriber fees generated from Sportsnet ONE. Publishing, Radio, Television, Sports Entertainment, and Digital Media all drove growth in revenue."
That revenue, it adds, was partially offset by a slight decline at The Shopping Channel.
