Corus still battling tough advertising market, regulatory costs

TORONTO – Pure play media company Corus Entertainment announced Thursday dips in revenue and profit in its second quarter financial report, citing the difficult advertising space and a chunk of change it owes to meet its regulatory obligations. For the three months that ended February 28, the company’s revenues and profit decreased 5 per cent to $343.9 million and 32 per cent to $59.1 million, respectively, compared to the same quarter the year prior. The company blamed a rough advertising market – revenue in that segment was down 7 per cent – due to supply chain disruptions, budget constraints and...