Wednesday, January 13, 2010

Corus Entertainment says it's only interested in some of Canwest's assets

Corus Entertainment is possibly interested in buying some specialty channels from Canwest Global Communications but not other parts of its media business, Corus CEO John Cassaday said Wednesday. Cassaday made the comments to analysts in a conference call about his company's first-quarter financial results, which provided evidence that Corus experienced a much-needed rebound in advertising revenue in November. Overall revenues from television and radio climbed to $222.3 million from $216.8 million, although the growth came from specialty TV channels..

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