Thursday, October 20, 2016

Corus profit plummets in fourth quarter

The Globe and Mail's James Bradshaw reports that Corus Entertainment Inc. saw its fourth-quarter profit wiped out by a soft advertising market and the continuing cost of merging Shaw Media assets acquired earlier this year into the business.
The results represent the first full quarter with contributions from the media properties Corus bought from Shaw Communications in a $2.65-billion deal earlier this year, and offer a mix of worrisome and hopeful signs.

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