Radio / Television News

Flat fourth for Corus

TORONTO - Consolidated revenues at Corus Entertainment for the three months ended August 31, 2008 were $185.8 million, down 1% from the same quarter last year. However, consolidated segment profit was $47.2 million, up 2%. Net income for the quarter was $17.4 million, down 18% from Q4 2007. Corus Television (W, CMT, YTV, Movie Central and others) contributed quarterly revenues of $104.8 million, up 1% from the fourth quarter last year, led by specialty advertising growth of 5% and subscriber revenue growth of 2%. Quarterly segment profit increased to $35.7 million, up 5% Corus radio revenues were $68.5 million, up...