TORONTO – Corus Entertainment told investors today that for fiscal year 2006, the company is targeting free cash flow of between $70 to $85 million and consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) of between $210 to $220 million.
Corus executives also said the company will exceed its consolidated free cash flow target of $60 million for this year and will achieve its EBITDA guidance for fiscal year ending August 31, 2005. Corus will release its audited year-end results on October 25, 2005.
"Corus has just completed a very successful year in which we achieved all of our financial guidance targets,” said president and CEO John Cassaday.
The company owns 51 radio stations across the country (such as Q107 and 940News), numerous specialty services like CMT, W, YTV, and Discovery Kids, and animation producer Nelvana.
