Rogers posts 2016 Q1 profit that is down from last year

Reuters says that Rogers Communications posted a first-quarter profit on Monday that was down 2.75 per cent from a year ago. Rogers calls it “restructuring” and maybe it is but the slowness in business at the media division is also hurting. Still, Rogers is  quoted as saying it will hit its 2016 financial targets. The company said it had net income of C$248-million, or 48 Canadian cents a share, in the three months to March 31, down from C$255-million, or 50 Canadian cents a share, a year earlier