Corus Entertainment Inc. announced its fourth quarter and year-end financial results today.
“Corus had an excellent year highlighted by double digit segment profit growth and a 45% dividend increase,” said John Cassaday, President and CEO of Corus Entertainment. “Corus achieved its segment profit guidance and exceeded free cash flow guidance as a result of tight cost controls in Radio coupled with exceptional revenue and segment profit growth in Television. Our annual segment profit guidance included the Quebec Radio business for a full year, so if not for the divestiture of Quebec, we would have been at the high end of our guidance range or exceeded it.”
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