April 11 Canadian media company Corus
Entertainment Inc reported an 81 percent fall in
second-quarter profit due mainly to lower television revenue.
Net income attributable to shareholders fell to C$5.9
million ($5.8 million), or 7 Canadian cents per share, from
C$31.6 million, or 38 Canadian cents per share, a year earlier.
The company said net income included a pre-tax charge of
C$25.0 million for debt refinancing.
Consolidated revenue for the specialty television producer,
which focuses on content for children and women, fell 11 percent
to C$183.7 million.