President urges the media to write the truth

When the Government ensures the freedom of the press the duty of a journalist is to write the truth without giving any space to achieve narrow objectives of some extremist elements, the President further said. The President also thanked the journalists and media institutions for acting prudently when some extremist elements trying to diminish the victory of the government at the UNHRC. President Sirisena recalled that as a Minister he also faced unpleasant , unethical experiences where he worked with political leaders who gave telephone calls to editors asking them to write against their own Ministers in the Cabinet.The President said that he noted last week one English newspapers had published an article which contained fabricated facts on his recent visit to New York to attend the UN General Assembly. He further said that even though criticism and dialogue is important for good governance, it is necessary to ensure professional standards of the media and its ethics is maintained. President Maithripala Sirisena says when the new Government is working with the media ending the era of disappearances, white vans abductions and interference of any kind, the responsibility of the media is not to isolate the Government politically .He made these observations participating at the 60th Anniversary of the Sri Lanka Press Association held at the BMICH today. The President emphasized that the new Government is fully committed to ensure media freedom and freedom of this country. He further said that the new Government had ended the era of telephoning editors to put headlines in some newspapers. read more

Cogeco Inc reports secondquarter profit falls from year ago revenue gains

by The Canadian Press Posted Apr 11, 2013 11:31 am MDT Cogeco Inc. reports second-quarter profit falls from year ago, revenue gains AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email MONTREAL – Cogeco Inc. (TSX:CGO) has raised its quarterly dividend by a penny to 19 cents per share despite a drop in second-quarter earnings compared with a year ago.The cable company and radio broadcaster also lowered its earnings guidance for its 2013 financial year to a profit of $69 million attributable to owners of the corporation, down from an earlier estimate of $75 million.However, revenue is expected to grow to $1.84 billion from the January estimate of $1.73 billionThe revised guidance came as the company said profit attributable to owners of the corporation amounted to $16.9 million or $1 per diluted share for the quarter ended Feb. 28, down from $25.1 million or $1.49 per share a year ago.Revenue in the quarter grew 32.7 per cent to $458.5 million.The company’s cable subsidiary, Cogeco Cable (TSX:CCA), reported a profit of $58.7 million or $1.19 per diluted share for the quarter, down from $83.1 million or $1.70 per diluted share a year ago.Revenue grew to $429.7 million, up from $317.7 million.The company attributed the increase in revenue to Cogeco Cable’s deal to buy Atlantic Broadband cable company last summer for US$1.36 billion and the recently closed purchase of Peer 1 Network Enterprises, a Canadian Internet infrastructure provider, for $526 million.In its outlook, Cogeco Cable said it expected profit for the year to come in at $205 million compared with earlier expectations of $225 million, as operating margins are expected to slip to 45.2 per cent from 46.2 per cent.Revenue at Cogeco Cable is expected to increase to nearly $1.7 billion, up from $1.6 billion.“We are satisfied with the favourable results obtained for the second quarter of fiscal 2013,” said Cogeco president and CEO Louis Audet.“The cable subsidiary continues along a path of steady growth, both organic and through acquisition. I am confident in this subsidiary’s ongoing ability to perform and contribute favourably to Cogeco’s objectives.” read more