The Globe and Mail reports in its Friday edition that BCE has posted higher second quarter revenue but a drop in profit. The Globe's Alexandra Posadzki writes that BCE had $6.07-billion in revenue for the period ended June 30, up 3.5 per cent year-over-year, as it added new wireless and Internet customers. However, its media division, which owns CTV, TSN, CP24, and a number of specialty TV news and radio channels, saw its revenue decline 1.9 per cent year-over-year to $805-million, the result of lower advertising revenue. BCE's profit fell sharply to $397-million, down 39 per cent from $654-million in the same quarter last year. That amounted to 37 cents a share, down from 66 cents. BCE attributed the decline to higher expenses, including a $377-million non-cash loss on its share of an obligation to repurchase a minority interest in one of its joint venture equity investments, as well as higher interest costs, increased depreciation and amortization expenses, and higher income taxes. After adjusting for several items BCE had $722-million in profit, down 8.7 per cent from $791-million a year earlier. The adjusted earnings amounted to 79 cents a share, down from 87 cents a share in the same period last year.