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Shaw Communications Management Discusses Q3 2012 Results - Earnings Call Transcript

Stocks in this article: SJR

Our activities are focused on improving the long-term profitability of our assets, and we will continue to implement cost savings, execute on operational efficiencies and prudently manage our capital investments. We remain confident about the free cash profile of our consolidated assets, and we believe our operating focus is the right strategy to create long-term value for all of our stakeholders.

Thanks to everyone for joining us today. And operator, you can open up the phone for questions, please.

Question-and-Answer Session


[Operator Instructions] Our first question comes from Phillip Huang from USB (sic) [UBS].

Phillip Huang - UBS Investment Bank, Research Division

Just wanted to -- first, I just wanted to clarify were there one-time type of drivers that impacted your Internet subscriber loss this quarter aside from your pull-back promos and also the ongoing competitive intensity? And then I have a follow-up.

Jay Mehr

Phillip, it's Jay. I don't think there's anything that you would consider to be a one-time driver in the Internet numbers.

Bradley S. Shaw

Yes, I think so. But just goes to our focus in our disciplined approach to the market, and it's reflective in that. As we said, we're focused on the long term. And this is not a chase for numbers to the quarter end. And everything we're doing is tactically in regards to creating long-term value and maintaining our base. So I think you're somewhat seeing that, reflective in that.

Jay Mehr

And just building on what Brad is saying, the -- I think to the extent that there is a one-time factor, there likely was a pull forward in Q2 effect just with the level of aggressiveness that we had in our office in Q2. And I think you've probably seen some of that happen there.

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