Radio results weigh on Corus' Q1, but dividend boosted 10%

TORONTO – Despite losses in its radio division, Corus Entertainment finished the first quarter of 2012 with revenues up 7% over the same period last year. Consolidated revenues for the three months ended November 30, 2011 were $236.9 million, up from $222.2 million in the first quarter of F2011. Consolidated segment profit was $91.2 million, a modest 1% increase over $90.7 million last year, and net income attributed to equity shareholders was $50.5 million compared to $46.2 million. Corus said its television segment profit was unchanged $80.5 million, though specialty advertising revenues were up 3%, and subscriber revenues increased by 1%. Movie Central finished...