The late, unlamented 2022 was a ho-hum year for Canadian telecommunications stocks. The S&P/TSX Communication Services Index was down 4.7 per cent for the year, although with dividends added the sector virtually broke even.
But while it wasn’t an exciting year in terms of share prices, it was quite dramatic in other ways. For several weeks you couldn’t pick up a newspaper or watch a television news show without learning the latest update on the messy firing of CTV news anchor Lisa LaFlamme by Bell Media. That story wins first prize as the PR Disaster of the Year.
The other big telecom story was far more important economically but tended to be confined to the business pages. That was the Rogers-Shaw saga, which seems like it’s been dragging on forever. Actually, it’s been almost two years.
It was on March 15, 2021 that Rogers Communications Inc. (RCI.B-T) announced a $26-billion…
