Rogers Reports Third Quarter 2009 Financial and Operating Results

Third Quarter Adjusted Operating Profit up 15% as Revenue Grows to Over $3 Billion; Wireless Network and Cable Operations Revenue Both up by 7% Helping Drive Adjusted Operating Profit Growth of 22% and 8%, Respectively; Wireless Delivers Strong Subscriber Growth and Reduced Postpaid Churn While Wireless Data Revenue Growth Accelerates to 46%; Cable Drives Continued Margin Expansion and Healthy Growth in Cash Flow on Slower Subscriber Growth; Advertising and The Shopping Channel Sales Declines at Media Begin to Moderate While Sportsnet Delivers Double-Digit Revenue and Adjusted Operating Profit Growth; $592 Million of Cash Returned to Shareholders during Quarter with Share Buybacks and Dividends TORONTO, Oct. 27 /PRNewswire-FirstCall/ - Rogers Communications Inc. today announced its consolidated financial and operating results for the three and nine months ended September 30, 2009.Financial highlights are as follows: ------------------------------------------------------------------------- Three months ended Nine months ended (In millions of September 30, September 30, dollars, except ------------------------------------------------- per share amounts) 2009 2008 % Chg 2009 2008 % Chg ------------------------------------------------------------------------- Operating revenue $ 3,036 $ 2,982 2 $ 8,674 $ 8,394 3 Operating profit(1) 1,152 1,085 6 3,267 3,176 3 Net income 485 495 (2) 1,168 1,140 2 Basic and diluted net income per share $ 0.79 $ 0.78 1 ...
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Q3 2009 Rogers Communications Inc. Earnings Release - Before Market Open

Earnings Announcements for Tuesday, October 27CompanySymbolTimeConferenceCall3M INDIA LTD3MINDIA.BOTime Not SuppliedA.M. Castle & CoCASBefore Market OpenListenAbaxis, Inc.ABAXAfter Market CloseABILITY ENTERPRISE2374.TW03:00 am ETAcadia Realty TrustAKRAfter Market CloseListenACE LimitedACEAfter Market CloseListenActelACTL4:15 pm ETListenADVANCED TECHNOLOGY & MATERIAL000969.SZTime Not SuppliedAdvent SoftwareADVSAfter Market CloseListenAEROSPACE COMMUNICATIONS HOLDING CO600677.SSTime Not SuppliedAGCOAGCOBefore Market OpenListenAIR CHINA LTDAICAF.PKTime Not SuppliedAK Steel Holding CorpAKS08:30 am ETAKER SEAFOODS ASAAKS.OL03:30 am ETAkzo Nobel N.V.AKZOF.PK02:00 am ETAlcon Inc.ACLAfter Market CloseListen...
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Rogers Communications, Inc. Q3 2009 Earnings Call Transcript

Rogers Communications, Inc. (RCI) Q3 2009 Earnings Call October 27, 2009 8:30 am ET Executives Bruce Mann – Vice President, Investor Relations Nadir Mohamed – Chairman, Chief Executive Officer William Linton – Chief Financial Officer Robert Berner – Executive Vice President, Chief Technology Officer Analysts James Breen – Thomas Weisel Partners Jonathan Allen – RBC Capital Markets Jeff Fan – Scotia Capital Simon Flannery – Morgan Stanley [Vince Tarantini – TD Newcrest] Randal Rudniski – Credit Suisse Greg MacDonald – National Bank Financial Dvai Ghose – Genuity Capital Markets Glen Campbell – Banc of America/Merrill Lynch Bob Bek – CIBC Capital Markets [Rob Gough- Haywood Securities] Tim Casey – BMO Capital Markets Presentation Operator Welcome to the Rogers Communications third quarter 2009 earnings conference call. (Operator Instructions) I would like to remind everyone that this conference call is being recorded today, Tuesday, October 27, 2009 at 8:30 am ET and I would now like to turn the conference over to Mr. Bruce Mann of the Rogers Management team. Bruce Mann Good morning everyone. Thank you for joining for Rogers’s third quarter ’09 investment community teleconference. It’s Bruce Mann here. Joining me in Toronto today on the call are Nadir Mohamed, Rogers President and Chief Executive Officer, Bill Linton, our Chief Financial Officer, Rob Bruce, President of our Communications Division, Edward Rogers who is our Deputy Chairman and Executive Vice President, Tony Viner of Rogers Media and Bob Berner, our Chief Technology O...
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Rogers Communications Inc. Earnings Call scheduled for 8:30 am ET today

Call DetailsRogers Communications Inc. Earnings Conference Call (Q3 2009)Tue, Oct 27, 2009, 8:30 am EasternAbout Rogers Communications Inc. (NYSE:RCI)Rogers Communications, Inc. operates as a communications and media company in Canada. It operates in three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice, data, and messaging services. It operates a global system for mobile communications/general packet radio service network, as well as provides wireless data services, including mobile access to the Internet, wireless e-mail, digital picture and video transmission, mobile video, music downloading, video calling, and two-way short messaging services. This segment markets its products and services under Rogers Wireless and Fido brand names. The Cable segment provides cable television, cable telephony, and high-speed Internet access. As of December 31, 2008, it provided digital cable services to approximately 1.6 million households; Internet service to approximately 1.6 million residential subscribers; and local telephone and long-distance services through 1.1 million subscriber lines. It also offers local and long-distance telephone, enhanced voice and data services, and IP access to Canadian businesses and governments. In addition, this segment operates a retail distribution chain consisting of 456 stores that offer home entertainment and wireless products and services. In addition, it offers digital video disc and video game sales and rentals. The Media segment engages in radio and television broadcasting businesses, and consumer and trade publishing businesses, as well as offers televised home shopping services. As of December 31, 2008, it operated 52 radio stations in Canada; multicultural OMNI television stations; five station Citytv television network; specialty sports television services, including regional sports servi...
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Rogers Communications Declares $0.29 Per Share Quarterly Dividend

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Rogers to Host 4Q09 Earnings Analyst Teleconference February 17, 2010

TORONTO, Oct. 28 /PRNewswire-FirstCall/ - Rogers Communications Inc., Canada's leading diversified communications and media company, plans to release its fourth quarter 2009 subscriber results, unaudited 2009 financial results and 2010 outlook before North American markets open the morning of Wednesday, February 17, 2010. Rogers' management will host a teleconference with the financial community at 8:00 a.m. Eastern Time the same day to discuss the company's results and outlook. Those wishing to listen to the teleconference should access the live webcast on the Investor Relations section of Rogers' website at www.rogers.com. A recording of the teleconference will be available on Rogers' website for re-broadcast following the teleconference for at least two weeks.Those members of the financial community wishing to ask questions during the call should dial 416.644-3414 at least ten minutes prior to the scheduled start time and requesting access to Rogers' fourth quarter 2009 earnings teleconference. In addition to the webcast archive, a telephonic re-broadcast will also be available following the teleconference by dialing 416.640.1917 conference ID number 21315360 followed by the number sign.To automatically receive Rogers' news releases electronically, visit the Investor Relations section of www.rogers.com and subscribe to RSS Feeds and/or Email Subscriptions.About the Company:Rogers Communications is a diversified Canadian communicati...
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October 28, 2009 - Rogers Communications Prices $1 Billion Senior Notes Offering

TORONTO, Oct. 28 /PRNewswire-FirstCall/ - Rogers Communications Inc. ("Rogers") announced today that it has priced an offering of $1.0 billion of debt securities, consisting of $500 million aggregate principal amount of 5.38% Senior Notes due 2019 and $500 million aggregate principal amount of 6.68% Senior Notes due 2039. The ten year Senior Notes due 2019 were priced at $999.31 per $1,000 principal amount, for an effective yield of 5.389% per annum if held to maturity and the thirty year Senior Notes due 2039 were priced at $998.97 per $1,000 principal amount, for an effective yield of 6.688% per annum if held to maturity. The net proceeds from the offering will be approximately $993 million, which are intended to be used for general corporate purposes, including to pay the cost for the intended redemption of all of the US$400 million principal amount of our 8.00% Senior Subordinated Notes due 2012. Closing of the offering is expected to occur on or about November 4, 2009. The Senior Notes will be issued by Rogers and guaranteed by two of its wholly owned subsidiaries, Rogers Wireless Partnership and Rogers Cable Communications Inc.The Senior Notes are being offered in each of the provinces of Canada through a syndicate of agents. Rogers will be filing a final prospectus supplement relating to the offering of the Senior Notes with the securities regulatory authorities in each of the provinces of Canada. Copies of the final prospectus supplement and the accompanying short form base shelf prospectus dated November 8, 2007 may be obtained over the Internet at the Canadian Securities Administrators' website at www.sedar.com.This news release does ...
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Rogers appears before CRTC in opposition to fee-for-carriage

OTTAWA, Nov. 16 /CNW/ - Rogers today appeared before the CRTC to argue against the imposition of a TV tax. The Commission has reviewed the issue twice before at hearings in 2006 and 2008 and rejected the proposal. The Rogers panel which included President and CEO, Nadir Mohamed, Vice Chair, Phil Lind and Rogers Media President, Tony Viner, stated in its opening address "that Canada's conventional television sector is not in a state of crisis" and its business model is not broken. The company went on to argue that there is no rationale whatsoever for the proposed payment which would amount to a bailout for the TV networks.Rogers spoke to the historical symbiotic relationship between cable companies and the over-the-air (OTA) broadcasting industry whereby every cable customer receives high quality OTA signals and OTA broadcasters receive the broad audience base they need to achieve maximum advertising revenues in their protected local markets. The company cited the broadcasters' ever-increasing expenditures on U.S. programming as the real culprit for the financial issues they face today. Saving local TV is a smokescreen for the real issue - out of control foreign programming costs.Rogers took issue with CTV's argument in favour of a U.S.-type retransmission consent regime for local signals. Phil Lind argued "These Canadian OTA broadcasters do not really want to substitute the U.S. regulatory system for the Canadian system. They want the best of both worlds. They want to adopt one part of the U.S. regulatory system and insert it into the Canadian regulatory system, which already contains a variety of measures designed to support OTA broadcasters."Rogers cautioned in its opening statement of an inevitable downgrading of tiers and drop-off of cable customers if subscribers are faced with a significant increase in their monthly bill with...
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