Murphy says "steady progress" lifts Corus Q2 profit to $40M

TORONTO – A slight thaw in the TV advertising market combined with gains in its TV merchandising and distribution segment helped to boost second quarter profits at Corus Entertainment, the company said Thursday.Net income attributable to shareholders for the quarter ended February 28, 2018 was $40.0 million, up from $24.9 million in the same period last year, which includes business acquisition, integration and restructuring costs of $2.5 million. Adjusting for the impact of this item resulted in an adjusted net income attributable to shareholders of $41.9 million in the quarter.Consolidated revenues for the quarter were $369.5 million, up slightly from $368.2...