Corus off to "outstanding start", says CEO

TORONTO – Gains in its television and radio operations helped to drive up first quarter revenues at Corus by 8% over last year to $240.6 million, the company said Tuesday.Television accounted for $167.5 million of the total, up 11% from $151.2 million last year, while radio grew 3% to $72.1 million. Specialty channel advertising revenues increased by 17%, and subscriber revenues increased by 9%. Movie Central finished the quarter with 976,000 subscribers, up 2% from the same time last year. "Our advertising sales momentum continued in our first quarter and, in combination with our cost control initiatives, we delivered double digit...