TORONTO – Corus Entertainment is banking on its recent acquisitions of Teletoon, Historia, Séries+ and Ottawa-based radio stations CKQB-FM and CJOT-FM to help “provide a solid foundation for growth” for its 2015 fiscal year.
Speaking Wednesday at the company’s annual Investor’s Day, president and CEO John Cassaday added that Corus is targeting consolidated segment profit of $340 million to $360 million and free cash flow in excess of $170 million for fiscal 2015.
Corus' portfolio of multimedia offerings encompasses specialty television and radio with additional assets in pay television, television broadcasting, children's book publishing, children's animation and animation software. It’s brands include YTV, Teletoon, ABC Spark, W Network, OWN: Oprah Winfrey Network (Canada), HBO Canada, Historia, Séries+, as well as Nelvana, Kids Can Press, Toon Boom and 37 radio stations including CKNW AM 980, 99.3 The FOX, Country 105, 630 CHED, Fresh FM London, Q107 and 102.1 the Edge.
