Corus targets up to $240 million in 2007 EBITDA

TORONTO – Just about a month into the 2007 broadcast fiscal year and Corus Entertainment today confirmed that the company will achieve its consolidated free cash flow target and its EBITDA guidance for the fiscal year ending August 31, 2006 and issued preliminary targets for the current year. The radio, TV and production company will release its audited year-end results on October 26, 2006. "Corus has just completed a very successful year in which we achieved all of our financial guidance targets. For fiscal year 2007, we are targeting free cash flow of between $85 to $100 million and consolidated...