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TORONTO — Rogers Communications, Canada’s biggest cable company and magazine publisher, on Wednesday blamed its first-quarter loss on a puny advertising market and the poor performance of its wireless telephone division.
Rogers said it lost CAN$103.9 million ($67 million), or CAN 59 cents (38 cents) a share, compared to a year-earlier profit of CAN$19.2 million, or CAN5 cents a share. Revenue rose 10% to CAN$886.4 million ($571 million) from CAN$807.7 million.
The company also said it might spin off its media unit to shareholders to attract more U.S.
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