No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 5, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Money

Stock market news for investors: Rogers hopes sports deals will boost share price, National Bank buys PGM Global Holdings

by TheAdviserMagazine
5 months ago
in Money
Reading Time: 3 mins read
A A
Stock market news for investors: Rogers hopes sports deals will boost share price, National Bank buys PGM Global Holdings
Share on FacebookShare on TwitterShare on LInkedIn


Rogers chief financial officer Glenn Brandt said that combined with Rogers’ existing ownership of the Toronto Blue Jays and the baseball club’s home stadium, the company’s total sports assets would be worth around $15 billion.

“We are more aware than the market is reflecting right now of the value of those assets on our balance sheet,” said Brandt.

“Others talking to us also understand that value.”

While Rogers intends to hold a controlling interest in MLSE, some analysts have speculated it could look to sell a minority stake to investors. 

Brandt said Rogers is already in discussions with “various institutional investors” that have expressed “substantial” interest as the company awaits league and regulatory approvals of the MLSE deal.

“It’s premature for me to start speculating on when that might result in a transaction,” he said.

“We will explore those opportunities with a very open mind.”

Earlier this month, Rogers also announced a 12-year, $11-billion agreement for the national rights to NHL games in Canada starting in the 2026-27 season. The deal will kick in following the conclusion of its current 12-year deal it signed for $5.2-billion.

“These national media rights, now locked in until 2038, are the most valuable media rights in Canada,” said Staffieri.

“The first deal was profitable and successful for Rogers and Sportsnet, and we plan to build on this over the next 12 years.”

Rogers’ recent sports splurge did raise the eyebrows of at least one shareholder at its annual meeting, who pressed the company’s leadership about the Toronto Blue Jays’ decision this month to hand star player Vladimir Guerrero Jr. a 14-year, USD$500 million contract extension.

“Did that come to the board for a decision, or who makes the decision to spend something like $700 million on a baseball player?” the shareholder said, using an approximate conversion to Canadian dollars.

Edward Rogers said Blue Jays management brought the proposed Guerrero contract to him and Staffieri before the full Rogers board granted approval.

“It’s a very large bet,” said Rogers.

“It’s a lot of money, but in the context of where sports is today, and for the performance we’re getting, we think it was a good investment.”

Rogers’ shares were trading for $35.07 around noon Wednesday, down 0.1%, after the company reported its first-quarter profit rose compared with a year ago.

It said it earned $280 million or 50 cents per diluted share for the quarter ended March 31, up from a profit of $256 million or 46 cents per share in the same quarter last year. Revenue for the three-month period totalled $4.98 billion, up from $4.90 billion a year earlier.

The company said wireless service revenue was up 2% from a year ago as its subscriber base grew, while wireless equipment revenue fell three per cent on lower device sales.

Media revenue rose 24%, boosted by higher sports-related revenue, including at the Toronto Blue Jays, and higher subscriber and advertising revenue. Cable revenue fell 1%. 

The results came as Rogers reported 34,000 total mobile phone net subscriber additions, including 11,000 postpaid—down from 98,000 postpaid additions in the same quarter last year.

Rogers’ monthly churn for net postpaid mobile subscribers—a measure of those who cancelled their service—was 1.01%, down from 1.10% during its previous first quarter.

The company recorded 23,000 prepaid net additions in the quarter, compared with a loss of 37,000 subscribers in the first quarter of 2024.

Meanwhile, Rogers’ mobile phone average monthly revenue per user was $56.94, down from $58.06 in the first quarter of the prior year.

Retail internet net additions totalled to 23,000.

On an adjusted basis, Rogers said it earned 99 cents per diluted share, the same as the first quarter of 2024.

Staffieri said the results came against a backdrop of slower growth in the telecom sector, driven by lower immigration levels.

“The company continues to exercise strong cost control to offset top-line pressures,” said Scotiabank analyst Maher Yaghi in a note.

“Overall results were in line with expectations and, given the significant drag in stock performance lately, we would not be surprised to see a relief rally in the stock; however, the outlook remains sluggish.”



Source link

Tags: bankBoostbuysDealsGlobalHoldingshopesinvestorsmarketNationalNewsPGMPriceRogersSharesportsstock
ShareTweetShare
Previous Post

Asia has a trade problem of its own making

Next Post

Zillow Downgrades 2025 Housing Market Forecast

Related Posts

edit post
Colleagues Retiring Younger Than You? How to Stay Relevant or Find Purpose Again

Colleagues Retiring Younger Than You? How to Stay Relevant or Find Purpose Again

by TheAdviserMagazine
October 4, 2025
0

Image Source: 123rf.com Watching coworkers head into early retirement while you’re still working can spark mixed emotions—pride for their success,...

edit post
What Aging in the Same House for 40 Years Does to Your Finances, Health and Memory

What Aging in the Same House for 40 Years Does to Your Finances, Health and Memory

by TheAdviserMagazine
October 4, 2025
0

Image Source: Pexels For many Americans, aging in place feels comforting—a symbol of stability and accomplishment. Familiar walls hold family...

edit post
When the Choir Dies Out: How Religious Life Changes After Loss of Spouse

When the Choir Dies Out: How Religious Life Changes After Loss of Spouse

by TheAdviserMagazine
October 4, 2025
0

Image Source: Pexels For many couples, faith communities become the center of their shared life—Sunday services, small groups, and familiar...

edit post
Why Your Retirement Party Might Be Cheaper Than You Think — And Smarter Too

Why Your Retirement Party Might Be Cheaper Than You Think — And Smarter Too

by TheAdviserMagazine
October 4, 2025
0

Image Source: Pexels Retirement parties used to be grand send-offs—catered dinners, banquet halls, and gold watches marking the end of...

edit post
What One Big Move Can Do to Lower Your Monthly Cost of Living

What One Big Move Can Do to Lower Your Monthly Cost of Living

by TheAdviserMagazine
October 4, 2025
0

Image Source: Pexels When budgets feel tight, most people look for small cuts—canceling subscriptions, cooking more, or skipping takeout. But...

edit post
The Secret Upside of No Kids or Grandkids Nearby

The Secret Upside of No Kids or Grandkids Nearby

by TheAdviserMagazine
October 4, 2025
0

Image Source: Pexels Many retirees assume happiness depends on being surrounded by children and grandchildren. But for those whose families...

Next Post
edit post
Zillow Downgrades 2025 Housing Market Forecast

Zillow Downgrades 2025 Housing Market Forecast

edit post
Stagflation Risk Rising Fast as US Economy Falls Out of Balance

Stagflation Risk Rising Fast as US Economy Falls Out of Balance

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Trump Takes Next Step To Bring Us To World War III

Trump Takes Next Step To Bring Us To World War III

0
edit post
Bitcoin Price Hits New ATH as ‘Uptober’ Kicks Off in Full Force

Bitcoin Price Hits New ATH as ‘Uptober’ Kicks Off in Full Force

0
edit post
When Cravings for Normalcy Become Risky After Surgery

When Cravings for Normalcy Become Risky After Surgery

0
edit post
American Express – AXP: Die Bullen haben das Kommando!

American Express – AXP: Die Bullen haben das Kommando!

0
edit post
Best CD rates today, October 5, 2025 (lock in up to 4.10% APY)

Best CD rates today, October 5, 2025 (lock in up to 4.10% APY)

0
edit post
Bitcoin rises as investors seek a global safe haven amid shutdown

Bitcoin rises as investors seek a global safe haven amid shutdown

0
edit post
American Express – AXP: Die Bullen haben das Kommando!

American Express – AXP: Die Bullen haben das Kommando!

October 5, 2025
edit post
Best CD rates today, October 5, 2025 (lock in up to 4.10% APY)

Best CD rates today, October 5, 2025 (lock in up to 4.10% APY)

October 5, 2025
edit post
MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT

MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT

October 5, 2025
edit post
Flipkart to offload entire stake in Aditya Birla Lifestyle via Rs 950 crore block deal: Report

Flipkart to offload entire stake in Aditya Birla Lifestyle via Rs 950 crore block deal: Report

October 5, 2025
edit post
Shekel strengthens as hope for Gaza deal rises

Shekel strengthens as hope for Gaza deal rises

October 5, 2025
edit post
Bitcoin tops 5,000 for first time (BTC-USD:Cryptocurrency)

Bitcoin tops $125,000 for first time (BTC-USD:Cryptocurrency)

October 5, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • American Express – AXP: Die Bullen haben das Kommando!
  • Best CD rates today, October 5, 2025 (lock in up to 4.10% APY)
  • MasterClass founder says CEOs who are not using AI daily are only 80% as good as their peers—he’s saved an entire day of work thanks to a custom GPT
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.