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Radio & Television

June 27, 2017 5 years ago

Q3 revenues at Corus climb 28% as profits top $66M

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TORONTO – Corus Entertainment CEO Doug Murphy says the company is making progress on its goal of “returning to growth” after posting double-digit gains in third quarter revenues and profits.Corus said Tuesday that net income attributable to shareholders for the quarter ended May 31, 2017 was $66.7 million, versus a $15.8 million net loss in the same period last year, which includes business acquisition, integration and restructuring costs of $4.6 million.  Adjusting for the impact of this item resulted in an adjusted net income attributable to shareholders of $70.1 million in the quarter.Consolidated revenues for the quarter of $461.6 million grew...
 

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Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.