Shaw cable and satellite subscribers down 30,295 in latest quarter

Consumer Cable Video subscribers declined 11,923 and Satellite Video subscribers decreased 18,372

CALGARY, Alberta — Shaw Communications Inc. announced consolidated financial and operating results for the first quarter ended November 30, 2014. Consolidated revenue for the three month period of $1.39 billion was up 2% over the comparable period last year. Total operating income before amortization of $606 million compared to $608 million last year.

Effective September 1, 2014 Shaw’s Cable and Satellite business segments were strategically realigned to better serve and grow the customer bases and improve overall efficiency while enhancing its ability to grow as the leading network and content experience company. The previous Cable and Satellite segments were realigned into Consumer and Business Network Services, Media remains unchanged, and Business Infrastructure Services was created with the acquisition of ViaWest.

Consumer

Consumer revenue for the three month period of $927 million decreased 1.9% from the comparable period last year. The impact of prior year price adjustments combined with growth in Internet were offset by higher promotional costs, mainly due to the change in acquisition promotions from 3 to 6 months, lower Video subscribers and lower On Demand revenues.

Subscriber Statistics – Video

                                              Three months ended
                                                    November 30,
                 November 30,    August 31,  -------------------
                         2014          2013     2014        2013
                 ------------  ------------  ---------  --------
Consumer
 Cable              1,855,381     1,867,304   (11,923)  (26,815)
 Satellite            831,760       850,132   (18,372)  (11,251)

Business Network Services
 Cable                 86,657        90,325    (3,668)   (2,804)
 Satellite             30,883        30,491        392    1,928

Total
 Cable              1,942,038     1,957,629   (15,591)  (29,619)
 Satellite            862,643       880,623   (17,980)   (9,323)