Wednesday, July 29, 2009

Rogers media division projecting 4% to 10% decline in earnings

Rogers Communications Inc. is forecasting that its media division, including its major consumer and trade magazine properties, TV stations and Toronto Blue Jays, will see a decline earnings this year from 4 to 10%, driven by continuing weaknesses in advertising. Rogers announced a net adjusted profit of $412-million on revenue of $2.89-billion for the quarter. Long-term debt load was $8.55-

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