TORONTO – "We have the plans in place to deliver solid results once again in 2009,” Corus Entertainment president and CEO John Cassaday said today at the company’s investors day.
“We have excellent growth prospects within our women’s specialty business with the addition of CosmoTV and CLT and, within our pay television service, with the addition of HBO Canada.” Look for a major rebranding and repositioning of CLT during fiscal ’09.
"For fiscal year 2009, we are targeting free cash flow of $70 to $90 million and consolidated segment profit of $270 to $280 million," said Cassaday.
The Company also announced today that it would implement a Dividend Reinvestment Plan (DRIP) effective November 1, 2008 and that the Plan will be managed by CIBC Mellon, the Company’s transfer agent.
"Our Dividend Reinvestment Plan is an excellent opportunity for investors who share our confidence in the growth of Corus to invest their dividends back into the company," he added.
