Weak ad revenue cuts in to Q4 profits at Corus

TORONTO - Soft advertising revenues helped to push down revenues and profits at Corus Entertainment.For the fourth quarter ended August 31, 2015, net income attributable to shareholders was $17.8 million, down from $23.7 million year-over-year, and included business acquisition, integration and restructuring costs of $8.3 million. Removing the impact of this item resulted in an adjusted net income attributable to shareholders of $24.0 million in the quarter.Consolidated revenues for the quarter were $193.6 million, down 4% from $201.6 million last year, while consolidated segment profit dropped 5% to $55.5 million from $58.3 million last year. Corus’ television segment revenues for the...