Radio / Television News

Radio, TV rise at Corus

TORONTO - Consolidated revenues for the first quarter ended November 30, 2007 were $214.8 million at Corus Entertainment, up 3% from last year’s Q1. Consolidated segment profit was $83.4 million, up 4% from last year. Net income for the quarter was $39.4 million ($0.94 basic and $0.91 diluted), up 7% compared to the first quarter of fiscal 2007. Corus Television contributed quarterly revenues of $126.1 million, up 3% over last year, led by specialty advertising growth of 2% and subscriber revenue growth of 4%. Quarterly segment profit increased to $62.9 million, up 4%. Corus Radio revenues were $79.5 million, up...