Corus Entertainment Inc. announced its first quarter financial results today.

“Our first quarter results were below expectations, as gains in local Radio advertising and our Nelvana content business combined with better than expected subscriber revenues were more than offset by weak television advertising market conditions”, said Doug Murphy, President and Chief Executive Officer. “We remain committed to advancing our strategic priorities as Canada’s only pure play media and content company. Our ongoing financial discipline balanced with strategic growth investments in content and advanced advertising initiatives position us well over the longer term in a rapidly evolving media and content marketplace.”

Read more here.