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Guest-Tek announces more losses

Calgary based Guest-Tek Interactive Entertainment Ltd. posted a net loss of more than $388,000 in the second quarter, on revenue of $9.89 million. This is the company’s lowest loss since the same period in 2005.

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Telesat posts second quarter profit

Telesat Canada posted a $12 million profit in the second quarter, crimping its overall losses for the year to $89 million. Revenue for the second quarter was $169 million, up slightly from the previous quarter’s earnings of $162 million.

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CanWest unloads UK-based radio operations

Canwest Global Communications Corp. subsidiary, Canwest MediaWorks UK Limited, has sold its three underperforming ‘Original 106 fm’ radio operations in the UK. The sale of the three stations, located in Bristol, Aberdeen and the Solent region of England, will enable the company to improve its operating profits by approximately $7 million annually.  

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Guild urges feds to aid film industry as budget consultations begin

As the August 15 deadline for input into the 2008 pre-budget consultations approaches this week, the Directors Guild of Canada (DGC) is urging the federal government to bolster film production in Canada by reviewing current funding policies for the industry.

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Top exec leaves CanWest post

After a four-year stint as president at CanWest Broadcasting, Kathy Dore will leave her current position after her contract expires in October. Dore was instrumental in rebranding Global Television and increasing its presence in the list of top shows in the country. She also oversaw the integration of Alliance Atlantis speciality channels into CanWest as well as managing a number of initiatives that enabled CanWest to exploit advertising opportunities through multiple platforms, including directing the transition to a digital environment.

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CBC revamps mobile site to sell multi-platform advertising

With mobile penetration on the upswing, the CBC is poised to overhaul its mobile site to optimize a multi-platform approach to selling targeted advertising and offering better user experience with content tailored to local needs.

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Canadian-made bonded DSL rings throw telcos a lifeline

A Calgary-based company has hit the market with a technology that can provide telcos with 400 megabits per second over their legacy copper wires. It could be the magic bullet telcos need to compete with the cable industry’s much bigger bandwidth pipe, and at one-twentieth the cost of extending fibre closer to the home.

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Consolidation wave continues in Ontario utelco market

The consolidation wave hitting Ontario’s municipal telecom sector continued this month with an Oakville Hydro Corp. subsidiary’s s acquisition of its neighbour, Milton Hydro. But don’t expect the municipally owned utility telecom (utelco) to move into the residential market anytime soon – if ever.

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CRA advises Shaw in AWS auction

Shaw Communications Inc. had a strong ally on its side when it competed in the recent Advanced Wireless Spectrum auction. On its team was CRA International Inc., the Boston-based consultancy that was contracted by Industry Canada to help develop the design and software implementation for spectrum auctions.

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Government shutting down cultural podcasts site

The future of the federal government’s first directory of cultural podcasts—including a portal showcasing Canadian culture— is in jeopardy following a “strategic review” conducted after the delivery of the 2008 budget. Podcasts.culture.ca, together with its host, culture.ca, will be yanked off the Internet as early as this fall, according to Charles Drouin, a spokesman with the Department of Canadian Heritage.

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