The cable division, which includes the local franchises, is now the largest contributor to profits.

Analysts raised new concerns, however, about the future growth of the cable division.

In the third quarter, the cable division's adjusted operating income increased 11 percent to $752 million.

Now the company faces a potentially more significant turning point - the planned sale of shares in its cable division.

At the company's cable division, revenue rose 9 percent in the quarter, to $2 billion, while operating income improved to $377 million.

Meanwhile, the cable division has already implemented some elements of the technology.

However, in light of the name change, it is unclear if Shaw's satellite-based companies would remain independent from the cable division.

The cable division's profit rose 13 percent to $250 million from $221 million, primarily as a result of an increase in basic subscribers.

At the cable division, profits nearly quadrupled, rising to $60 million from $16 million.

In the the cable division, results improved for the two main units.