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Corus Releases Quarterly Results, Announces Shareholder Dividend

Canadian entertainment and media company Corus Entertainment today made several announcements centered around the company’s financial performance, including the most recent quarterly results as well as the declaration of a shareholder dividend.

Canadian entertainment and media company Corus Entertainment today made several announcements centered around the company’s financial performance, including the most recent quarterly results as well as the declaration of a shareholder dividend.

With regards to the 2nd quarter results, John Cassaday, the company’s president and CEO said, "We believe our results in the second quarter and the pacing we are enjoying in the third quarter indicate that the advertising recession is behind us. Corus' Specialty and Pay television categories and Ontario Radio sales are performing very well, and we are also benefiting from strong cost control which has allowed us to improve our margins."

Corus Entertainment Inc. is a Canadian-based media and entertainment company. Corus is a market leader in specialty television and radio with additional assets in pay television, advertising services, television broadcasting, children's book publishing and children's animation. The company's multimedia entertainment brands include YTV, Treehouse, Nickelodeon (Canada), W Network, CosmoTV, VIVA, Sundance Channel (Canada), Movie Central, HBO Canada, Nelvana, Kids Can Press and radio stations including CKNW, CFOX, CKOI, 98,5 FM, Q107 and 102.1 the Edge. Corus creates branded entertainment experiences for its audiences across multiple platforms. A publicly traded company, Corus is listed on the Toronto (CJR.B) and New York (CJR) exchanges. They can be found online at www.corusent.com.

Click below to find view the original company announcements in their entirety:

Corus Entertainment Announces Second Quarter Results

http://corus.media.streamtheworld.com/F10-Q2/CorusEnt_Q2F10_PressRelease.pdf

Corus Entertainment Declares Monthly Dividend For Class A And B Shareholders

http://www.corusent.com/home/Corporate/PressReleases/tabid/1697/Default.aspx?Id=1905

The complete 2nd Quarter Report:

http://corus.media.streamtheworld.com/F10-Q2/CorusEnt_Q2F10_ShareholdersReport.pdf

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