UPDATE 1-Shaw Communications posts loss on Corus investment charge

(Corrects net subscriber additions in paragraph 5 to 46,659 from 54,000)

June 28 (Reuters) - Canadian telecom company Shaw Communications Inc reported a quarterly loss on Thursday, hurt by a C$284 million ($214 million) charge related to its investment in Corus Entertainment Inc.

Globe and Mail https://www.theglobeandmail.com/business/article-shaw-trying-to-sell-its-stake-in-corus-entertainment-to-focus-on had reported earlier this month that Shaw was looking to sell its stake in Corus, which reported lower-than-expected results on Wednesday. Shaw had a 39.4 percent stake in Corus as of August 31, 2017, according to Thomson Reuters data.

Calgary-based Shaw posted a loss of C$91 million, or 18 Canadian cents a share, in the third quarter ended May 31, compared with a profit C$133 million, or 27 Canadian cents per share, a year earlier.

Shaw's wireline business reported revenue of C$1.06 billion, which was flat compared with a year earlier.

In its wireless unit, Shaw added 46,659 net subscribers during the quarter. Barclays analyst Phillip Huang had estimated net additions of 48,000.

Revenue rose 7 percent to C$1.3 billion and the company said it was on track to meet its 2018 forecast. ($1 = C$1.3290) (Reporting by Parikshit Mishra; Editing by Saumyadeb Chakrabarty and Anil D'Silva)