Corus expects profit of about $300 million in fiscal 2013

TORONTO - Corus Entertainment in presenting its fiscal 2013 strategic priorities expects overall profits to top out at about $303 million. "Our powerful brands and continued focus on operational excellence and cost control gives us confidence that we can continue to drive strong television and radio margins in fiscal 2013," said John Cassaday, President and Chief Executive Officer, Corus Entertainment in a statement. "For fiscal 2013, we are targeting consolidated segment profit of $293 million to $303 million and free cash flow in excess of $140 million. We will continue to build our newer television service offerings, such as ABC...