By Staff

(AXcess News) Calgary, Alberta - Shaw Communications, Inc. (TSX: SJR.B; NYSE: SJR) reported a 12 percent increase in second-quarter revenue this week, crediting strong growth in Internet and cable customers for the increase.

Shaw reported $685.7 million in consolidated revenue for the second-quarter compared to $611.2 million in the same period last year, an increase of 12.2 percent.

The Company reported net income of $79.8 million or $0.37 per share for the second quarter ended February 28, 2007 compared to $45.8 million or $0.21 per share for the same quarter last year.

Internet and Digital subscribers increased by 40,694 to 1,389,333 and 28,641 to 725,528, respectively. Digital Phone lines increased 41,721 to 292,625. Basic subscribers were up 6,625 to 2,220,082 and DTH customers increased 928 to 872,562.

Shaw's Chief Executive, Jim Shaw, lauded over the Communications provider's roll-out of Digital Phone services during the period, crediting much of the improved results to broader home phone services with the introduction of Shaw's Digital Phone Lite, saying, "This new offering is tailored for light long distance users and gives our customers the opportunity to customize their home phone service to meet their needs."

Shares of Shaw Communications closed  down 20 cents, or .5%, at $39.30 on the New York Stock Exchange Friday after reaching a 52-week hi of $39.73 shortly after the opening bell.