Ad market helps Corus return to the black

TORONTO – A resurgence in Canada’s advertising market helped to buoy fourth quarter and year-end results for Corus Entertainment.Consolidated revenues for the three months ended August 31, 2010 were $202.8 million, up 4% from $195.2 million last year, while for the fiscal year, consolidated revenues were $836.2 million, an increase of 6% from $788.7 million last year. "The advertising recovery continued in the fourth quarter, particularly for our Specialty (TV channel) assets. This continues a trend we have seen for three successive quarters," said president and CEO, John Cassaday, in a statement Wednesday. "We have also seen a return to...