Advertising rebound buoys Q2 at Corus

TORONTO – Corus Entertainment credited the return of advertisers for its solid second quarter financial results.The media company reported double digit segment profits for both its radio and television divisions of 21% and 12% respectively for its quarter ended February 28, 2010. While radio revenues decreased by 4% this quarter, TV revenues jumped by 11%, due in large part to a 3% increase in advertising revenues and 5% growth in specialty advertising revenues over the first quarter of the year."We believe our results in the second quarter and the pacing we are enjoying in the third quarter indicate that the advertising...