Q3 profits at Corus grow by more than $10M

TORONTO – A jump in TV ad revenues contributed to double digit segment profit growth for a third consecutive quarter at Corus Entertainment.The company said Thursday that consolidated revenues for the third quarter ended May 31, 2011 were $211.78 million, up 7% from $198.4 million last year, while consolidated segment profit increased 11% to $77.3 million from $69.4 million. Net income for the quarter was $39.2 million compared to $28.3 million in the same period last year.Specialty television advertising revenues increased 15% this quarter to $104.4 million, while subscriber revenues increased 5% to $76.2 million. Pay service Movie Central finished the quarter...