Corus Q1 profits, revenue climb on TV results

TORONTO – Television revenues helped to boost first quarter profits and revenue at Corus Entertainment, the company reported Tuesday.Consolidated revenues for the quarter ended November 30, 2013 increased 8% to $226 million from $209. 9 million in the same period last year, while consolidated segment profit was $92.3 million, up 9% from $84.5 million year-over-year. Net income attributable to shareholders was $150.9 million, compared to $52.2 million last year, which includes a non-cash gain of $127.9 million resulting from the re-measurement to fair value of its 50% interest in Teletoon. On an adjusted basis, net income was $55.2 million, up from $52.2...