Corus sees cash flow of up to $110 million in '08

TORONTO - Corus Entertainment today updated investors on the company’s fiscal year 2008 strategic priorities and provided near-term financial guidance for the 2008 fiscal year. Corus executives confirmed that it will achieve its consolidated free cash flow target and its EBITDA guidance for the fiscal year ending August 31, 2007. The company will release its audited year-end results on October 25, 2007. “For fiscal year 2008, we are targeting free cash flow of $90 to $110 million and consolidated EBITDA of $250 to $260 million,” Corus President and CEO John Cassaday said in a statement. “We are confident that we...