Latest news with #RogersCommunications
Yahoo
3 days ago
- Business
- Yahoo
As 2026 FIFA World Cup looms, CRTC dispute between OneSoccer and Rogers drags on
As the one-year countdown to the 2026 FIFA World Cup looms, a fight to open the door to a wider TV audience for Canadian soccer drags on. On one side is OneSoccer, the subscription streaming service that carries Canadian national team games as well as the Canadian Premier League and Canadian Championship. On the other is telecom giant Rogers Communications Canada Inc., which has refused to carry OneSoccer. In March 2023, the Canadian Radio-television and Telecommunication Commission (CRTC) ruled in favour of OneSoccer, saying that Rogers, by refusing to carry OneSoccer, "has given an undue preference to itself and to other services comparable to OneSoccer, and has subjected OneSoccer to a disadvantage." The CRTC directed the two parties to submit "by no later than 11 April 2023, proposed remedies for resolving the finding of undue preference and disadvantage." Two years later, nothing has changed other than the case's paper trail has grown exponentially. "Delays such as these are devastating for new independent programming services, such as ours," OneSoccer said in a February submission to the CRTC. "OneSoccer is spending millions of dollars this year to produce our channel, and we have very little revenue coming in." OneSoccer remains available as a streaming service and as one of the channels provided by Fubo, also a subscription service. Telus cable subscribers in the West can also access it. Scott Mitchell, owner of OneSoccer's parent company Timeless Inc., as well as chairman of both the Canadian Premier League and Canadian Soccer Business, is "perplexed" at the delay, saying the ruling was "very clear." "Clearly Rogers has being doing what they can to delay that … It's been with the CRTC for several years now and clearly it's taken far too long," he said in an interview. "We have a home World Cup on the horizon and we clearly have a growing soccer audience and ecosystem. And this issue should be dealt with quickly." Rogers declined to make a spokesperson available, issuing a brief statement while referring a reporter to past company filings. "We offer our customers a wide variety of popular and premium sports programming from multiple leading content providers," the statement said. "For those who want even more soccer content, they have the option to subscribe to OneSoccer as a stand-alone streaming service.' As a result, Sunday's high-profile CONCACAF Champions Cup final between the Vancouver Whitecaps and Mexican powerhouse Cruz Azul is available only to OneSoccer and Fubo subscribers in Canada. "It's disappointing that not as many Canadians are going to be able to watch the match as there should be," said Mitchell. "Because clearly there is an audience for it." Mitchell reports OneSoccer subscriptions are up 40 per cent this year. But a larger audience is out there. Rogers, in the wake of its merger with Shaw, controls about half the linear TV audience in Canada, Mitchell points out. Rogers says there are "valid commercial reasons" for refusing to distribute OneSoccer, saying the channel has "limited appeal to Canadian consumers." OneSoccer's audience is small other than for Canadian national team games, it argues. Rogers also notes that other major cable providers — including Bell, Cogeco, Videotron, Eastlink, and Sasktel — do not currently carry OneSoccer's linear television channel. Rogers has offered to show some of OneSoccer's programming on Rogers On Demand and on the OneSoccer app on Ignite TV. The two have partnered in the past. In 2021, Rogers Sportsnet carried OneSoccer's broadcasts of Canadian men's World Cup qualifying games, agreeing to split advertising revenue with the proviso there be no OneSoccer branding on the programming. In its submissions, Rogers has also argued that Timeless was "under the control of a non-Canadian entity" when it filed its CRTC complaint, referencing foreign-owned Mediapro. It argues "Canadian ownership and control" is a "foundational tenet of the Canadian broadcasting system." Mediapro was OneSoccer's production partner until the two parted in a legal dispute, since resolved. OneSoccer argues that while Mediapro "ran day-to-day operations and provided other services for OneSoccer, this was done on behalf of and under the direction of Timeless. "At all times Timeless retained the authority to make strategic or organizational changes. Therefore, the service was always controlled by Timeless." Canada's upcoming games at the Canadian Shield Tournament are being shown on TSN as well as OneSoccer. While Mitchell's group owns the rights, he said it was happy to work with Maple Leaf Sports and Entertainment, which organized the event. But such deals are rare. "To this day, we've not been offered a single penny of investment for any of the media companies in Canada to carry any of the matches," said Mitchell. Canada's games in March at the CONCACAF Nations League Finals were carried by both TSN and OneSoccer. Michell said OneSoccer, which produced the games itself, did not get a rights fee. "Unfortunately we've been pushed into, at times, doing deals that are very economically harmful to us. But we do feel a responsibility, particularly on the national team games, to get the games distributed as far and as wide as we can. Unfortunately giving away the content for free is just not economically feasible in the long term." "We appreciate TSN's willing to work with us on it but those arrangements are economically not feasible in the least." While companies like Rogers don't like being told what to do, OneSoccer consultant Laura Mellanby believes Rogers' resistance is down to the bottom line. Cable providers are primarily willing to launch their own channels and work with inexpensive options, she argues. In contrast, One Soccer is a live sports channel with an expensive production budget. Mellanby, who has worked for both Rogers and Bell, points to Willow, a cricket-themed channel carried by Rogers, that takes feeds from others rather than produce games themselves. "Production is very expensive, especially sports production. And you can only simplify it so much. You can't do a single-camera coverage of a soccer game." If Rogers were to carry OneSoccer, it would pay the service a monthly fee negotiated on the basis of the number of subscribers. Rogers would then mark their fees up, to recover its investment. "Cost is always a problem," said Mellanby. But she argues that the shared risk of carrying a sports channel with high production costs also comes with a shared reward — especially with a channel featuring a sport "that is in a pivotal moment in its history in this country." "A good investment, if you ask me," she said. Mellanby says OneSoccer has had "really productive conversations" with Bell about distributing the channel. But she says the rest of the industry is waiting to see what happens with the CRTC case. "Nobody wants to spend any money … This is not a charity, it's a business," she said. "There needs to be a revenue stream." Canada Soccer, which clearly wants to expands its audience, is understandably watching with interest, although CEO and general secretary Kevin Blue declined comment citing the ongoing CRTC case. --- This report by The Canadian Press was first published May 31, 2025. Neil Davidson, The Canadian Press
Toronto Sun
25-05-2025
- Business
- Toronto Sun
SIMMONS SAYS: How will Mark Shapiro keep his job after Brendan Shanahan lost his?
Shapiro's contract is apparently up with the Blue Jays right now. It is expected to expire at the end of this season. Get the latest from Steve Simmons straight to your inbox Blue Jays president Mark Shapiro (left) poses with Rogers Communications chairman Edward Rogers and GM Ross Atkins (right) at the press conference to announce the contract extension for Vlad Guerrero Jr., in April. Photo by Jack Boland / Toronto Sun Brendan Shanahan, whose Maple Leafs won 32 playoff games in 11 seasons, was essentially fired the other day as president of the hockey club. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Mark Shapiro, whose Blue Jays have won five playoff games in 10 seasons on the job, remains president of the baseball club. The five playoff wins, for the record, came from a team Shapiro inherited in 2016, not from one he built himself. Edward Rogers, soon to be major domo of all professional sports across Toronto, had to sign off on the expiry of Shanahan's contract and the determination not to offer him a new deal. Shapiro's contract is apparently up with the Blue Jays right now. It is expected to expire at the end of this season. How he maintains his position in the wake of the Shanahan dismissal is curious at best. In the NHL, 50% of the member teams make the playoffs. In baseball, 40% of the teams qualify for the post-season. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. So the baseball team should, by mathematics alone, play in fewer playoff games. But the post-season scorecard here is horribly tilted: It reads Shanahan 32, Shapiro 0. Shanahan's Leafs were in the playoffs nine consecutive seasons but just didn't go far enough. Shapiro's Blue Jays — in the second-wild card (or last playoff spot available) — have been in the playoffs three times since 2016 and gone 0-6. Rogers sat on a dais with Shapiro at the Vladimir Guerrero Jr. signing press conference and spoke optimistically about the future. He talked about winning the World Series. That's the way Shanahan used to talk about the Leafs winning Stanley Cups. THIS AND THAT When Shanahan first took over the Leafs, he met with individual newspapers and television networks to talk about his plans for the future. He talked boldly about the Leafs becoming a model franchise for on-ice success, media relations, player accessibility and a new relationship with the city. He was earnest about it. It just never happened. In fact, over the years it got worse. It got to a point where Leafs players were among the most protected, babied, joyless players in all of sport. Most were lacking personality, originality or personal thought. So when Keith Pelley took over the Maple Leafs in earnest on Friday, he talked about the team establishing a better relationship with the fans and media. He talked about the importance of the connection. He spoke with conviction about this similar to the way Shanahan did more than a decade ago. Good luck to him with that … At the end of just about every hockey season, players take a certain pride in announcing which injuries they happened to work through in the playoffs. Broken arms. Broken legs. Broken ribs. Just about everything broken, they'll tell you about. Just not Auston Matthews. He won't share a torn anything with anyone. He doesn't believe it's anyone's business but his own. And maybe he's right, but isn't that just another sign of how he doesn't exactly conform to the hockey culture that came long before he did? … I heard more than one person this week compare Mitch Marner's likely departure from Toronto to Vince Carter's messy ending with the Raptors. The two situations couldn't be more different. Carter quit on the Raps, stopped playing, tried essentially to ruin the franchise. Now he's celebrated for what came before that. Marner played nine seasons with the Leafs, averaged 92 points a year and earned his free agency with his contract about to expire. He's not walking out on anybody. He didn't quit on anyone. You may not care for his lack of playoff acumen, the annual playoff collapse of the Leafs or the softness of his game but understand this: Booing him in the future playing for another team says more about you than it does about him … All year long, I've been hearing that Sam Bennett wants to stay with the Florida Panthers — and why wouldn't he? — and apparently they want to keep him. The only way Bennett is available in free agency is if the Panthers can't find the money to keep him. It's probably the same circumstance with defenceman Aaron Ekblad, who has been a Panther for 11 years. He doesn't want to leave, but available finances may dictate what happens with him in Florida. This advertisement has not loaded yet, but your article continues below. I do wonder: Would the Leafs have beaten the Panthers in the second round had Anthony Stolarz played all seven games in goal? … The Dallas Stars and Carolina Hurricanes don't have a forward better than Matthews, Marner or William Nylander, another reason for the annual Leafs hand-wringing… If I'm Brad Treliving, I would definitely work on getting Morgan Rielly to waive his no-trade clause over the summer. Just to explore what value Rielly would bring in the trade market … What the Leafs need more than anything else: A winning mindset. It sounds simple, but it isn't. They have strong coaching, a decent GM, a solid duo in goal, a six-man defence of surprising depth and enough scoring. What they don't have: A built-in desire for victory. It's an intangible that can't be taught. You either have it or you don't. The new Leafs brass needs to study what it takes to win and why their teams comes up short year after year … A successful hockey man I know would tell his wingers the following: 'I want you to be first on the puck and arrive in a bad mood.' … One more question for Matthews: Was it right for a team captain to point fingers at teammates — 'We had too many passengers' — in the moments after losing Game 7? Would you call that leadership? … The Leafs lost faith in Freddy Andersen in goal years ago for two reasons. One, he was injured too often. Two, he let in too many soft playoff goals. So what's happened with Carolina in the first two games against Florida: Too many soft goals scored on Andersen. He's out for Game 3 … Just about every year, Jim Nill and Bill Zito get nominated for the Jim Gregory Award as GM of the year in the NHL. And just about every year, Nill's Dallas Stars and Zito's Florida Panthers are playing in the final four. This year, Nill traded for scorers Mikko Rantanen and Mikael Granlund near the deadline. Zito traded for defenceman Seth Jones and winger Brad Marchand. Making the deals is one thing: Being able to make them because you have enough cap space is another matter entirely. Nill and Zito have mastered this over the years … No American team has won a world hockey championship in 92 years. It's probably appropriate if they finally win one now with the deepest collection of hockey players of any country in the world. This advertisement has not loaded yet, but your article continues below. When did the walk-in to the arena become such a big deal in the NBA, NHL and WNBA? Wow, look what he or she is wearing today! Isn't that nice. The WNBA pre-game arena walk-in is starting to look like a fashion show runway of sorts. It may be just me but I like sports a whole lot more than I like sports entertainment. Unless it's WWE … Another trend that hasn't hit me, for whatever reason: Hot sauce … This is where politics and sports don't mesh particularly well. Russia won't have a hockey team at the upcoming Winter Olympics. Nor should it. But that also means the first best-on-best tournament in years will be without some of hockey's best players: Alex Ovechkin, Nikita Kucherov, Artemi Panarin, Igor Shesterkin, Andrei Vasilevskiy, Kirill Kaprizov … The Blue Jays have to feel so fortunate to not have spent all that crazy money on Juan Soto. The money was crazy, the player in this case, as we're learning, may be crazier …. The poor Maple Leafs. They can't even end their season properly. A group of Leafs players tried to get in a first round of post-season golf together only to be interrupted by bad weather and rain. Lunch, I'm told, at what used to be called Devil's Pulpit was well worth it … Never saw a playoff goaltender better than Curtis Joseph in the 1997 playoff series between Dallas and Edmonton when the Oilers won Game 7 in OT. Others to consider or forever remember: Ken Dryden vs. Boston in 1971; Jonathan Quick vs. everyone in 2012; Vasilevskiy in 2021 for Tampa Bay; and Bernie Parent in the two Philadelphia Flyers Stanley Cup seasons in the 1970s. This advertisement has not loaded yet, but your article continues below. Pascal Siakam has always loved playing at Madison Square Garden, the so-called Mecca of basketball in the NBA. His highest scoring game as a Raptor came in New York. And on Friday night, he had his highest scoring playoff game — with 39 points for Indiana in a second consecutive win over the favoured Knicks. When Siakam scored 52 in New York in 2023, he became just the fifth visiting player in NBA history to score more than 50 at MSG. The other four were LeBron James, Steph Curry, James Harden and Michael Jordan … What do the Raptors have to show for Siakam? It's complicated. They used some of the capital to acquire Brandon Ingram. They drafted Ja'Kobe Walter and acquired Ochai Agbaji because of the Siakam deal. Right now, it's a bit of a dog's breakfast in exchange for a player likely on his way to the NBA Finals … Shai Gilgeous-Alexander, the remarkable young man and young Canadian player who ran away with the MVP award this NBA season doesn't play for a big-market team. He doesn't have a great deal of flash to his game. He isn't outspoken or a big personality or on many television commercials. All he does is perform and win. And it's sad how small and petty the NBA can become when someone who doesn't fit the mould of a breakout superstar becomes one. Shai should be celebrated, not ridden down for getting fouled too easily. Maybe if a championship follows an MVP season, that narrative will be re-written … There is never a new Tiger Woods — there can't be — but isn't Scottie Scheffler getting close to some kind of comparison? … One personal TSN complaint: The network has five channels and one show you never want to miss. So how is it there are weekdays when Overdrive isn't on any of their five channels? …Almost six years have passed since Bianca Andreescu won the U.S. Open, one of the greatest athletic accomplishments in Canadian sports history. Since then, though, where is Bianca? She lost in qualifying this week for the French Open. I keep hoping she's not a one-trick pony, but the clock keeps ticking and her game is in neutral …Nikola Jokic is the best player in the NBA. One of the best ever. Connor McDavid is the best player in the NHL. One of the best ever. Being the best player and being the MVP of any single season are two different things. But should they be? … Pinball Clemons likes to ask: 'What time is it?' The answer, yelled back at him: 'It's football time.' And Saturday night it was. Football time. Argos vs. Ticats. Pre-season football … . Some things just sound right. Like Tim Hortons Field in Hamilton. And now it's the stadium without a name. Until the next sponsor is found … The best show in sports right now: Caitlin Clark … The only NHL players to fight more in their careers than Craig Berube: Tie Domi, Tiger Williams, Chris Nilan and Bob Probert … It's no surprise that Stanley Cup playoff ratings are plummeting in the U.S. this year. The best hockey cities in America — Buffalo, New York, Boston, Chicago, Philadelphia, Pittsburgh and Detroit — all missed the playoffs this year … The late great Roy Halladay rarely lost games. That may have been his most enduring statistic as a major-league pitcher. Halladay who has gotten some mention for a quarter-century all-star team, lost only 69 games in 10 seasons starting for the Jays in the 2000s. Overall, Halladay started 287 games for Toronto. His won-lost record was 148-76 … Born on this date in history: Bruce Gamble, Pete Liske and Cookie Gilchrist … And a happy birthday to Bob Dylan (84), Chad Green (34), Roman Reigns (40), Tracy McGrady (46), Joe Dumars (62), Pat Verbeek (61), Kris Draper (54), Rick Wamsley (66), Rob Ducey (60), Bartolo Colon (52), Willie Pile (45) and Mattias Ekholm (35) … And hey, whatever became of Nick Fotiu? Sunshine Girls Editorial Cartoons Toronto & GTA Ontario Sunshine Girls
New York Times
21-05-2025
- Business
- New York Times
What I'm hearing about Brendan Shanahan's future with the Maple Leafs
TORONTO — With the future of Toronto Maple Leafs president Brendan Shanahan hanging in the air following the team's second-round series loss to the Florida Panthers, the Maple Leaf Sports & Entertainment board of directors will meet Thursday as part of the organization's end-of-season review, multiple league sources briefed on the agenda of the meeting told The Athletic. Advertisement Shanahan just completed his 11th season in the position and is on a contract that is due to expire at the end of June. Internally, the bar ownership had set for progress on this Leafs season was an appearance in the Eastern Conference final, according to league sources. Toronto fell one win short of that benchmark, albeit in dispiriting fashion — with a pair of 6-1 losses to the Panthers at Scotiabank Arena in Games 5 and 7. The way that series ended has left ownership disappointed and embarrassed, according to sources. As close as the Leafs were to taking a meaningful step from previous seasons, the way they lost made it feel a little farther from reach. However, when it comes to determining Shanahan's future and the hierarchy of the team's hockey operations structure moving forward, ownership recognizes the need to take a methodical approach. They don't want to make any knee-jerk or emotional decisions. The Shanahan decision comes at a time of internal change at MLSE. While the sale of Bell's 37.5 percent stake in the company to Rogers Communications Inc., hasn't yet closed, that's viewed as a formality that will soon leave Rogers with a controlling 75 percent interest in the company. Edward Rogers, Tony Staffieri and David Miller currently occupy the Rogers seats on the board. It's not yet clear if Thursday's board meeting will result in a final decision on Shanahan's future. In the event the organization decides to move on from him, the team will likely move forward without a team president for the foreseeable future, according to the sources. Further complicating the path forward with Shanahan is the fact that the New York Islanders have expressed interest in speaking to him about their top hockey job, according to league sources. This marks the first opportunity for Keith Pelley to put his stamp on the Leafs since becoming MLSE president and CEO in April 2024. He decided against making any management changes following a first-round loss to the Boston Bruins last spring because of how little time he'd had on the job. Advertisement At that time, Pelley spoke positively about his first impressions in watching Shanahan and Leafs general manager Brad Treliving work together. 'Brendan is the president of the Toronto Maple Leafs,' Pelley told reporters last May. 'He's a champion. He's a three-time Stanley Cup winner. What I saw in my four weeks with the two gentlemen beside me showed me that the chemistry and unity is being built at the highest levels. And I don't have any other comments because I wasn't here in the last eight years. 'I understand the results, but I can only evaluate what I've seen in the first four weeks.' Pelley has since had another 12 months to make his evaluation, getting a first-hand look at a season where the Leafs finished atop the Atlantic Division with 108 points and beat the Ottawa Senators in Round 1 before being eliminated by the Panthers. This is a critical offseason for the team with top forwards Mitch Marner and John Tavares both eligible to become unrestricted free agents and Marner seemingly poised to test the open market on July 1. While Shanahan's future with the club is still being determined, there is a positive internal view on the job Treliving has done in his first two years as GM. He's under contract beyond this season. The hockey world is not exactly brimming with experienced high-end management talent, and no one currently available has a stronger resume than Shanahan. Already a member of the Hockey Hall of Fame as a player, the 56-year-old spent five years in the NHL's head office, rising to the position of the league's senior vice president, before arriving in Toronto. Shanahan was hired by the Leafs in April 2014 and spearheaded an extensive overhaul of the team's hockey operations department while restoring connections with the franchise's alumni. He's overseen an operation that has made nine consecutive playoff appearances, the longest active streak among NHL teams, but hasn't advanced beyond the second round during his tenure. The last time the Leafs reached the Eastern Conference Final was 2002. The team hasn't won a Stanley Cup since 1967.
Yahoo
15-05-2025
- Business
- Yahoo
What Is Rogers Communications Inc.'s (TSE:RCI.B) Share Price Doing?
Today we're going to take a look at the well-established Rogers Communications Inc. (TSE:RCI.B). The company's stock saw significant share price movement during recent months on the TSX, rising to highs of CA$41.29 and falling to the lows of CA$32.92. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Rogers Communications' current trading price of CA$34.89 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Rogers Communications's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The share price seems sensible at the moment according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. We find that Rogers Communications's ratio of 10.68x is trading slightly below its industry peers' ratio of 11.06x, which means if you buy Rogers Communications today, you'd be paying a reasonable price for it. And if you believe Rogers Communications should be trading in this range, then there isn't much room for the share price to grow beyond the levels of other industry peers over the long-term. Furthermore, it seems like Rogers Communications's share price is quite stable, which means there may be less chances to buy low in the future now that it's priced similarly to industry peers. This is because the stock is less volatile than the wider market given its low beta. Check out our latest analysis for Rogers Communications Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 42% over the next couple of years, the future seems bright for Rogers Communications. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? It seems like the market has already priced in RCI.B's positive outlook, with shares trading around industry price multiples. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at RCI.B? Will you have enough confidence to invest in the company should the price drop below the industry PE ratio? Are you a potential investor? If you've been keeping an eye on RCI.B, now may not be the most advantageous time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for RCI.B, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop. If you want to dive deeper into Rogers Communications, you'd also look into what risks it is currently facing. For example, we've discovered 1 warning sign that you should run your eye over to get a better picture of Rogers Communications. If you are no longer interested in Rogers Communications, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Reuters
23-04-2025
- Business
- Reuters
Canada's Rogers adds lower-than-expected subscriptions amid price war
April 23 (Reuters) - Rogers Communications ( opens new tab posted lower-than-expected quarterly subscriber additions on Wednesday, as the Canadian wireless giant grapples with rising pricing war and strict immigration practices. The company posted 11,000 monthly bill-paying wireless phone subscribers for the first quarter, whereas analysts at Visible Alpha had expected an addition of 17,390 subscribers. The company continues to struggle amid a pricing war. Rivals Telus ( opens new tab and BCE ( opens new tab have made people opt for cheaper alternatives. Canada's recent policy changes and crackdown on immigration have also had an impact on demand, as carriers have relied on newcomers to expand its customer base. Earlier this month, the company signed a 12-year agreement worth C$11 billion ($7.68 billion) to secure media rights for the National Hockey League (NHL) games across all platforms in Canada. Rogers has been aggressively investing into Canadian sports over the past few years to capitalize on its strong viewership and loyal fanbase amid a broader decline in traditional media. The wireless segment, which accounts for half of Rogers' revenue, collected C$2.54 billion in the first quarter, compared with estimates of C$2.57 billion, according to data compiled by LSEG.
