TORONTO – A fourth-quarter loss couldn’t detract from a solid 2004 for CHUM Ltd., but CEO Jay Switzer was cautious Friday when talking about 2006. As for fiscal 2005, which ended August 31st, revenue was up 12% to $628 million, EBITDA climbed 26% to $116 million and cash flow from operations rose 41% to $87.4 million. Q4 was a high-cost quarter for the broadcaster, too, especially on the TV side as it integrated the former Craig Media stations in Alberta and Manitoba and re-branded those, as well as the former Newnets, and purchased programming that, until now, had been a...
