Shaw Media acquisition pulls down Q3 profits at Corus

TORONTO – Despite a 77.6% lift in revenues, merger expenses helped to widen third quarter losses at Corus Entertainment, the company said Wednesday.For the period ended May 31, 2016, consolidated revenues grew to $360.8 million from $203.1 million in the same period last year, due in part to the addition of Shaw’s Media’s properties. Consolidated segment profit of $130.2 million jumped 90% from $68.7 million year-over-year. Net loss attributable to shareholders for the quarter was $15.8 million versus $8.1 million in Q3 2015. The company said that the loss includes business acquisition, integration and restructuring costs of $29.3 million and debt...