Shaw CEO Brad Shaw reiterates commitment to Rogers deal as Shaw reports Q3 profit up | CBC News


Shaw Communications Inc. says it stays dedicated to its deal to be purchased by Rogers Communications Inc. because it reported its fourth-quarter revenue rose greater than 40 per cent in contrast with a 12 months in the past.

Shaw CEO Brad Shaw reiterated his dedication to work to shut the transaction, including that it was not acceptable to touch upon a boardroom battle between members of the Rogers household over management of the corporate.

Edward Rogers, the son of late Rogers founder Ted Rogers, is combating together with his sisters and mom for management of the board of administrators at Rogers.

He has requested a B.C. court docket to declare legit the newly constituted board he fashioned after being ousted as board chair earlier this month after media studies made public a failed plan to exchange CEO Joe Natale with the corporate’s chief monetary officer.

In the meantime, Shaw reported a revenue of $252 million or 50 cents per diluted share for the quarter ended Aug. 31, up from a revenue of $175 million or 34 cents per diluted share in the identical quarter final 12 months.

Income totalled $1.38 billion, up from $1.35 billion.



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