Blue Jays, Rogers Centre boost Rogers' revenue
October 25, 2005TORONTO (CP) - The Toronto Blue Jays and the domed stadium that's home to the major league baseball team appear to have contributed to a higher operating profit at Rogers Media, according to financial results released Tuesday.
The Blue Jays contributed $21.9 million in increased revenue at the media operations of Rogers Communications in the third quarter ended Sept. 30 while the team accounted for only $3.1 million more operating expenses at Rogers Media.
The Rogers Centre, formerly called the SkyDome until it was purchased by Rogers in January, added $14 million in revenue and $6.5 million in operating expenses at Rogers Media.
Rogers Media, a wholly owned subsidiary of Rogers Communications, also holds various publishing and broadcast businesses including the Sportsnet cable channel, numerous national magazines and several television and radio stations.
The media unit had an operating profit of $33.3 million, up from a restated $14.9 million a year earlier, as revenues rose to $284 million - up 16.5 per cent from $244.3 million a year before.
Rogers didn't break out how much of the media unit's operating profit was attributable to the Blue Jays and Rogers Centre.
Source: http://cnews.canoe.ca/
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