Shaw Communications Inc.’s second quarter earnings released Thursday showed gains in both overall revenue and profit, though a decline in TV subscribers was noted, as was a dip in revenue from its media business. The company said in a press release that net income for the three months ended Feb. 28 was $222 million, up from $182 million one year earlier. Revenue for the quarter was up two per cent to $1.27 million. Shaw’s cable operations saw a year-to-year revenue gain of three per cent to $839 million, satellite revenue was up five per cent to $220 million and its media revenue fell four per cent to $239 million. Cable-video subscribers were down by 20,758 during the quarter to just less than two million, while its satellite subscribers were down 1,405 to 892,837. Shaw said revenue growth in its cable and satellite divisions were largely driven largely by “price adjustments.” Internet subscriptions were up 12,767 over three months to 1.9 million, while digital-phone subscriptions rose 8,075 to 1.4 million. Shaw blamed a decline in advertising for the lower revenue figures on the media side, which it said was related to coverage of the Winter Olympics, which CBC/Radio-Canada had the rights to. Shaw said it had gains in subscriber revenue from its specialty channels.