Radio / Television News

Corus Q2 solid

TORONTO - “Excellent specialty television advertising growth and solid segment profit contribution from all our divisions contributed to our strong second quarter results,” said John Cassaday, president and CEO of Corus Entertainment at the top of the company's press release Tuesday morning. Consolidated revenues for the second quarter, ended February 28, 2007, were $174.7 million, up 6% from Q2 2006. Consolidated segment profit was $47.3 million, up 12% from last year. Net income for the quarter was $19.5 million, compared to a loss of $65.7 million last year. The prior year’s quarter included a pre-tax debt refinancing loss of $132...