Radio & Television

Look for earnings of up to $220 million from Corus in 2006

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...