Corus records good Q3, but government must let media companies grow, says CEO

TORONTO – Third quarter revenue and earnings showed a strong Corus Entertainment but it could be stronger if it was bigger, says CEO John Cassaday. Revenue and earnings for the period ended May 31st were strong at the company which owns 51 radio stations and television assets such as W, YTV, CMT and Movie Central, but yesterday's sale of CHUM to Bell Globemedia dominated conversation during Corus' third quarter conference call with financial analysts. Corus has always said that in any consolidation round it is a buyer, not a seller and Cassaday said the company is of course interested in...