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Corus Entertainment Divestiture Boosts Profit in 4Q, Revenue Flat on Lower Ad Demand

Por: MarketWatch Business October 27, 2023

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For the period ended Aug. 31, the Canadian mass media company reported a profit of 50.4 million Canadian dollars ($36.4 million), or C$0.25 a share, compared with a loss of C$367.1 million, or C$1.82 a share a year earlier. The company benefited from a gain on business divestiture of C$142.3 million but were partly offset by impairment charges of C$100 million related to broadcast license and brands and trade marks. On an adjusted basis, the... + full article



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