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Radio & Television

July 11, 2014 8 years ago

Radio pulls down Q3 profits at Corus

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TORONTO – Corus Entertainment posted a net loss of $30.3 million for the third quarter, despite revenue gains led by its television segment.Consolidated revenues for the three months ended May 31, 2014 were $214 million, up 14% from $187.1 million last year, while consolidated segment profit increased 23% from $64.6 million to $79.7 million year-over-year.But the net loss attributable to shareholders for the quarter was $30.3 million, compared to net income of $89.9 million last year, which includes includes radio broadcast license and goodwill impairment charges of $75.0 million, capital asset impairment charges of $1.2 million, business acquisition, integration and...
 

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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.