Corus Q1 revenues, profits, buoyed by Shaw Media acquisition

TORONTO – Corus Entertainment’s acquisition of Shaw Media appears to paying off as the company reported a 72% lift in profits and a 105% jump in revenues for its first quarter ended November 30, 2016.The company said Wednesday that net income attributable to shareholders for the quarter was $71.1 million, up from the $41.3 million posted in the same period last year, which includes business acquisition, integration and restructuring costs of $13.2 million. Adjusting for the impact of these items resulted in an adjusted net income attributable to shareholders of $80.8 million.Consolidated revenues for the quarter of $468.0 million more...