SJR News and Press, Shaw Communications Inc. From 01/12/23

Shaw Communications press release ( NYSE: SJR ): Q1 GAAP EPS of C$0.34 beats by C$0.06 . Revenue of C$1.37B (-1.4% Y/Y) beats by C$340M . Adjusted EBITDA for the first quarter of fiscal 2023 of $617 million decreased by $16 million, or 2.5%, from $633 million. Fr...

CALGARY, Alberta, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Shaw Communications Inc. (“Shaw” or the “Company”) announces consolidated financial and operating results for the quarter ended November 30, 2022. First quarter consolidated revenue decreased 1.2% year-over-year to $1...

CALGARY, Alberta, Jan. 02, 2023 (GLOBE NEWSWIRE) -- Shaw Communications today issued the following statement in reaction to the decision of the Competition Tribunal released on the evening of January 1, 2023. The decision is available at https://decisions.ct-tc.gc.ca/ct-tc/cdo/en/521175/1/docum...

TORONTO and CALGARY, Alberta, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Rogers Communications Inc. ("Rogers") and Shaw Communications Inc. (“Shaw”) today provided the following statement upon being advised that the Commissioner of Competition is appealing the Competition Tribunal decision p...

Shares of Canadian telco companies Shaw Communications (NYSE: SJR) and Rogers Communications (NYSE: RCI) are defying Friday's broad market's weakness by rallying into the headwind. Fueled by legal progress of their intended merger, as of 1:30 p.m. ET, shares of Shaw were up 9.3%, ...

2022 has been a lousy year for most investors, and the last trading day of the year didn't look like it would end on a positive note. Futures contracts on major stock market indexes were down across the board on Friday morning, capping the worst annual performance for stocks in a long time. E...

Summary The Rogers-Shaw deal was a contentious one, where regulators extracted concessions. The companies pushed it through after nearly 2 years. Remaining obstacles appear very unlikely to stand in the way. The deal could close within a month. Upside is relatively larg...

TORONTO and CALGARY, Alberta, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Rogers Communications Inc. ("Rogers") and Shaw Communications Inc. (“Shaw”) welcome the decision summary by the Competition Tribunal allowing the proposed acquisition of Freedom Mobile by Videotron Ltd. (“Videotr...

Summary The latest numbers confirm the best Shaw Communications Inc. can do in the future is for the deal with Rogers Communications to be approved. Shaw CEO says he "doesn't see a viable path forward as a standalone company." Higher spending isn't translating into accelerating grow...

CALGARY, Alberta, Dec. 06, 2022 (GLOBE NEWSWIRE) -- The Shaw Charity Classic presented by Suncor has shattered charitable giving records once again by raising an unprecedented $17,489,219 for 260 children’s charities across Alberta through the 2022 Shaw Birdies for Kids presented b...