Shaw cable video subscribers down 20,000 in the quarter

Shaw Announces Second Quarter Financial and Operating Results

CALGARY, ALBERTA — Shaw Communications Inc. (TSX:SJR.B)(NYSE:SJR) announced consolidated financial and operating results for the three and six months ended February 28, 2014.

Cable

Cable revenue for the three and six month periods of $839 million and $1.7 billion improved 3.1% and 3.7%, respectively, over the comparable periods last year. Price adjustments and lower promotional activity along with growth in Business, including the Envision acquisition, were partially offset by lower Video subscribers and the divestiture of Mountain Cable.

During the quarter, Shaw continued to add to its TV Everywhere content strategy with the launch of HISTORY Go as well as the Shaw Go apps for Treehouse, YTV and A&E, giving subscribers on-the-go access to their favorite programming.

During the quarter, video subscribers decreased 20,758.

Satellite

Revenue of $220 million and $438 million for the three and six month periods was up 5.3% and 3.5% over the same periods last year primarily due to price adjustments partially reduced by lower customers and higher promotional activity.

Subscriber Statistics

                                             Three months ended    Six months ended
                                             ------------------  ------------------  
                 February 28,    August 31,              Change              Change
                         2014          2013     Growth        %     Growth        %
                 ------------  ------------  ---------  -------  ---------  -------
Video customers     1,989,870     2,040,247   (20,758)    (1.0)   (50,377)    (2.5)
DTH customers*        892,837       903,565    (1,405)    (0.2)   (10,728)    (1.2)

* Including seasonal customers who temporarily suspend their service.