Combined radio, TV profit up 6% at Corus Entertainment in Q2

TORONTO – Revenues from its broadcasting businesses boosted Corus Entertainment’s net income for the second quarter ended February 29 to $35.4 million from $19.5 million in the same quarter a year earlier. Corus also benefited from $13.2 million in recoveries related to income tax changes in the quarter, according to financials released Thursday. Consolidated revenues for the quarter were $178.7 million, up 2% from $174.7 million last year. Corus Television contributed quarterly revenues of $104.6 million, up 4% from $100.2 million last year, led by specialty advertising growth of 8% and subscriber revenue growth of 1%. Profit for the division...