TV drives Q1 results at Corus

TORONTO – Growth in its television division helped drive first quarter results at Corus Entertainment.For the three months ended November 30, 2009, television revenues increased by 7%, while segment profit grew by 4%. Advertising revenues dipped 1% while specialty TV advertising revenues were flat.By contrast, radio revenues dropped 6% in the quarter, leading to a decrease in segment profit of less than 1%. Broken down by region, revenues increased modestly in Ontario, decreased slightly in Quebec and dropped by 16% in the West.Consolidated revenues for the quarter were $222.3 million, up 3% from $216.8 million last year, while consolidated segment...