Private investors are showing interest in taking a stake in Rogers Communications' (NYSE:RCI) sports and entertainment business, Bloomberg reported on Friday, citing the company's CEO, amid consideration for public listing of the sports assets. Rogers, which has increased its ownership of ...

Rogers Communications is drawing strong interest from investors for a stake in its sports and entertainment business, its CEO said, as the company prepares to assemble one of the world’s largest sports entities https://t.co/ud0jK25BDN ...

Summary of Rogers Communications FY Conference Call Company Overview - **Company**: Rogers Communications (NYSE: RCI) - **Date of Conference**: September 25, 2025 Key Points Industry Insights - The Canadian wireless pricing environment is stabilizing, with flanker and fighter brand pricing increasing by double digits [2] - The market is competitive but more stable compared to previous years, with less heavy discounting observed [2] - Subscriber growth in the sector is projected to be around 3%, translating to nearly 1 million new customers [3] Customer Retention and Churn Management - Rogers is focusing on reducing churn, reporting improvements in churn rates compared to previous years [3] - Initiatives such as add-a-line promotions and bundling services (wireless and broadband) are being employed to enhance customer relationships and reduce churn [7][9] - The Rogers Bank credit card program is contributing to customer loyalty through discounts that exceed competitors' offerings [8] Wireline and Wireless Integration - The acquisition of Shaw has expanded Rogers' wireline market presence, allowing for coast-to-coast bundling of services [4] - Fixed wireless capabilities are being utilized effectively in regions where Rogers lacks a wireline footprint, particularly in Quebec and parts of Ontario [10] Financial Performance and Margins - Cable margins are currently at 58%, with expectations to reach 59% again, while wireless margins are around 64% to 66% [12] - The company is focused on driving growth in subscribers, revenues, and free cash flow while maintaining capital efficiency [12] MLSE Acquisition and Future Plans - Rogers has acquired a 75% stake in MLSE and is in discussions to buy out the remaining 25% stake held by a minority partner [15][17] - The integration of MLSE is expected to create significant cost and revenue synergies, particularly in live entertainment and sponsorship opportunities [20] - The combined value of MLSE and Rogers Sports & Media is estimated to be around CAD 20 billion, with potential for substantial growth [25] Leverage and Debt Management - Current leverage is approximately four times, with efforts to reduce it through capital deployment and asset sales [26] - The company aims to maintain a leverage ratio of around 3.9 to 4 times by year-end [28] Market Conditions and Asset Sales - The real estate market remains soft, and Rogers is not aggressively pursuing asset sales but is open to trimming surplus real estate holdings [30] - The focus remains on the MLSE transaction as the largest opportunity for capital monetization [30] Conclusion - Rogers Communications is strategically positioning itself in a stabilizing Canadian wireless market while focusing on customer retention, financial efficiency, and leveraging its recent acquisitions to drive future growth and profitability [2][3][12][25]

Core Viewpoint - RCI Hospitality Holdings, Inc. is under investigation for potential securities fraud and unlawful business practices following allegations of bribery involving tax auditors, leading to a significant drop in stock price [1][3]. Group 1: Investigation and Allegations - Pomerantz LLP is investigating claims on behalf of RCI investors regarding possible securities fraud or unlawful business practices by the company and its executives [1]. - The New York Attorney General's office indicted certain top executives of RCI, alleging they bribed an auditor to evade over $8 million in sales taxes from 2010 to 2024 [3]. Group 2: Market Reaction - Following the news of the indictment, RCI's stock price fell by $25.80 per share, representing a decline of 24.83%, closing at $25.80 per share on September 17, 2025 [3].

Core Viewpoint - A class action lawsuit has been filed against RCI Hospitality Holdings, Inc. for alleged tax fraud and bribery, impacting investors who acquired securities during the specified class period [2][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of Texas on behalf of all individuals and entities who purchased RCI securities between December 15, 2021, and September 16, 2025 [2]. - Investors have until November 20, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The lawsuit alleges that defendants made materially false and misleading statements and failed to disclose significant issues, including tax fraud and bribery to cover up the fraud [3]. - It is claimed that these actions resulted in an understatement of the legal risks facing the company, leading to misleading statements about its business operations and prospects [3]. Group 3: Next Steps for Investors - Investors who purchased RCI shares and suffered losses are encouraged to contact the law firm for more information regarding their rights and potential claims [4]. - The law firm offers consultations without cost or obligation to the investors [4].

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of RCI Hospitality Holdings, Inc. securities for the period between December 15, 2021, and September 16, 2025, alleging material misstatements and omissions related to tax fraud and bribery [1][5]. Group 1: Lawsuit Details - The lawsuit claims that defendants engaged in tax fraud and bribery to conceal this fraud, leading to understated legal risks for the company [5]. - Investors who purchased RCI Hospitality securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by November 20, 2025, to represent other class members in the litigation [1][3]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing investor rights [4].

Group 1 - A class action lawsuit has been filed by Rosen Law Firm on behalf of purchasers of RCI Hospitality Holdings, Inc. securities [1] - The lawsuit covers the period from December 15, 2021, to September 16, 2025, inclusive [1] - The aim of the lawsuit is to recover damages for investors under federal securities laws [1]

Group 1 - Nadir Mohamed, former CEO of Rogers Communications Inc., passed away at the age of 69, leaving a legacy as an exceptional leader during a transformative period for the company and the telecommunications industry [1] - Under Mohamed's leadership, Rogers became Canada's largest wireless provider and made significant investments in sports, including acquiring a majority stake in Maple Leaf Sports & Entertainment Ltd. in partnership with BCE Inc. [2] - Before retiring, Rogers secured a 12-year national broadcast rights deal with the NHL, which was recognized as the largest in the league's history [3] Group 2 - After leaving Rogers, Mohamed focused on entrepreneurship and innovation, co-founding ScaleUp Ventures to fund startup technology companies in Canada and serving on various corporate boards [4] - Mohamed was born in Tanzania and was a notable figure in Canada's Ismaili Muslim community, holding a commerce degree and a chartered accountant designation [5] - He received multiple accolades for his business contributions and philanthropy, including recognition from the UN Association in Canada and an appointment to the Order of Canada in 2019 [5]

Core Points - Citytv is set to deliver a holiday lineup featuring live events, including the Original Santa Claus Parade on November 23 and a new edition of The Price is Right in December 2025 [1][6][4] Group 1: Holiday Programming - Citytv will broadcast the Original Santa Claus Parade live from downtown Toronto on November 23, hosted by Breakfast Television's team [4] - A new one-hour special titled "Bryan Adams and Friends: A Great Big Holiday Jam" will feature performances from various Canadian artists, including Alessia Cara and Barenaked Ladies [2][3] - The Price is Right Tonight, hosted by Howie Mandel, will allow Canadians to participate as contestants, airing in Spring 2026 [6][7] Group 2: Company Overview - Rogers Sports & Media, a subsidiary of Rogers Communications Inc., engages over 30 million Canadians monthly through a diverse portfolio of media assets, including Citytv and Citytv+ [8][10] - Citytv offers a range of programming, including dramas, reality TV, and local news, positioning itself as a distinctive alternative to conventional programming [9]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of RCI Hospitality Holdings, Inc. due to allegations of materially misleading business information issued by the company [1] Summary by Relevant Sections - **Investigation Announcement**: Rosen Law Firm has announced an investigation into RCI Hospitality Holdings for potential securities claims [1] - **Allegations**: The investigation stems from allegations that RCI Hospitality Holdings may have provided misleading business information to the investing public [1] - **Shareholder Rights**: Shareholders who purchased RCI Hospitality Holdings securities may be entitled to compensation without any out-of-pocket fees [1]