US EditionRogers hopes to ride MLSE deal, NHL rights extension to higher share price
- Rogers Communications Inc. Plans to increase its share value through sports assets, including a $4.7 billion deal to acquire BCE Inc.'s stake in Maple Leaf Sports & Entertainment, along with a new NHL rights agreement valued at $11 billion starting in 2026-27.
- Rogers Chief Financial Officer Glenn Brandt stated that, combined with its existing assets, the company's total sports assets would be worth around $15 billion.
- Rogers reported a first-quarter profit of $280 million, with increases in media earnings due to higher sports-related revenue.
- CEO Tony Staffieri emphasized that the value of Rogers' sports assets is not reflected in its share price, stating, 'Our priority is to change this.
9 Articles
9 Articles
Rogers hopes sports deals can lift its share price
The chief executive of Rogers Communications Inc. says the company is keen to unlock underappreciated value from its growing collection of sports assets after extending its national hockey broadcast rights and signing a deal to expand its stake in Maple Leaf Sports & Entertainment.
The Chronicle-Journal
Rogers hopes to ride MLSE deal, NHL rights extension to higher share price
TORONTO - The chief executive of Rogers Communications Inc. says the company is keen to unlock underappreciated value from its growing collection of sports assets after extending its national hockey broadcast rights and signing a deal to expand its stake…
Rogers getting 'substantial interest' from investors in MLSE stake
By Ahmad Hathout Rogers executives said Wednesday that the cable giant has been getting “substantial interest” from institutional investors about a stake in Maple Leaf Sports and Entertainment (MLSE). “We’re in discussions with folks who are interested in the assets we own and are soon to acquire,” Rogers CFO Glenn Brandt said during the company’s... Read more »
Coverage Details
Bias Distribution
- 50% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
