Corus Entertainment reports third-quarter loss, revenue down amid ‘challenging’ ad environment

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Corus Entertainment reports third-quarter loss, revenue down amid ‘challenging’ ad environment
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Corus says the loss amounted to $3.86 per diluted share for the quarter ended May 31 compared with a loss of $2.48 per diluted share in the same quarter last year

reported a loss attributable to shareholders of $769.9-million in its latest quarter compared with a loss of $495.1-million a year earlier as its revenue fell 16 per cent.

Revenue in what was the company’s third quarter totalled $331.8-million, down from $397.3-million a year earlier.

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