TORONTO, Sept. 26, 2016 /CNW/ - Rogers today thanked its customers who subscribed to shomi for trying out a Canadian innovation.
"We tried something new, and customers who used shomi loved it. It's like a great cult favourite with a fantastic core audience that unfortunately just isn't big enough to be renewed for another season," said Melani Griffith, Senior Vice President, Content, Rogers. "We will be reaching out to eligible customers in the coming days as we have a wide range of premium experiences available for people to enjoy."
shomi, a joint venture of Rogers and Shaw Communications announced today an orderly wind down with service ending November 30, 2016. As a result, Rogers expects to incur a loss on investment of approximately $100-140 million in its third quarter ending September 30, 2016 relating to the carrying value of its investment and a provision related to future liabilities in shomi.
Rogers Communications is a leading diversified public Canadian communications and media company. We are Canada's largest provider of wireless communications services and one of Canada's leading providers of cable television, high-speed Internet and telephony services to consumers and businesses. Through Rogers Media, we are engaged in radio and television broadcasting, televised shopping, magazines and trade publications, sports entertainment, and digital media. Our stock is publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B) and on the New York Stock Exchange (NYSE: RCI). For further information about the Rogers group of companies, please visit www.rogers.com.
SOURCE Rogers Communications Canada Inc. - English
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