Confident Corus sees cash, flow

TORONTO – Revenue and income gains, free cash flow increases and debt decreases sum up a positive 2005 for radio, TV and production company Corus Entertainment. Net income was $71.1 million in fiscal ’05, ended August 31st, compared to a $23 million loss last year. Free cash flow was $80 million, up 52% from last year, and the company saw double-digit profit growth for TV (W, YTV, CMT, Treehouse, etc) and radio (51 stations). “This was a very satisfying year for Corus. Our broadcasting business results were strong with double digit advertising growth for both radio and TV. We also...