Corus seeing rebound in ad spend, won't comment much on Canwest speculation

TORONTO – While the company’s television assets are what buoys Corus Entertainment’s fiscal 2010 first quarter results, chief executive officer John Cassaday said the company is seeing signs of major advertisers returning to the oldest of electronic media, radio.“(Clients) are coming back in a big way, starting with Ontario,” he said during Wednesday morning’s quarterly conference call with financial analysts, reflecting on Q1 (ended November 30) as well as more recent trends the company is seeing. This proves that last year “was a cyclical downturn,” and not a permanent one.“We started to see a real uptick in November,” added Cassaday....