It’s been a bumpy few weeks for Rogers Sports + Media, which has been placed under a microscope by Canadian radio and television industry observers for its July 7 sudden cessation of operations at its all-News stations outside of Toronto while also pulling the plug on two all-Sports AMs serving key Western locales.
For investors, the reaction was mixed, as parent Rogers Communications’ TSX-traded shares had hit a year-to-date low a day before. With shares down from nearly $41 CDN per share in early March, stockholders may be pleased in knowing Rogers’ Q2 earnings report surpassed the forecasts of Zacks.
