US EditionCorus Entertainment reports $55.9M Q2 loss, revenue down 10 per cent from year ago
- Corus Entertainment Inc. reported a loss of $55.9 million for the second quarter, down from a loss of $9.8 million a year earlier, with revenue falling 10 percent to $270.4 million.
- Co-CEO Troy Reeb noted a remarkable change in Canadians' consumer behavior towards the 'Buy Canadian' movement, though questions remain about its sustainability.
- Despite a loss of $55.9 million attributed to shareholders, Corus noted increased interest in Canadian products from advertisers.
- Analysts, including Vince Valentini, questioned the sustainability of the 'Buy Canadian' trend within Corus’ advertising strategy.
27 Articles
27 Articles
Corus Entertainment recorded a loss in the second quarter, with revenues falling by 10% compared to the previous year.
Prince George Citizen
Corus Entertainment sees potential ad revenue bump from 'buy Canadian' trend
TORONTO — A challenging environment for attracting key advertising dollars continues to plague Corus Entertainment Inc., but the company says it could reap the benefits of the "Buy Canadian" movement that has gained momentum in response to U.S.
Winnipeg Free Press
Corus Entertainment reports $55.9M Q2 loss, revenue down 10 per cent from year ago
Breaking News, Sports, Manitoba, Canada
Corus Q2 revenue down 10 per cent year-over-year - Broadcast Dialogue
Lower demand for radio and television advertising continue to impact Corus Entertainment’s bottom line as the company released second quarter financial results Friday morning. Revenue fell 10% year-over-year to $270.4 million, with the company reporting $251.8 million in television revenue, down from $278.1 million compared to the same quarter a year ago. TV ad revenue fell 13% to $129.5 million. Radio revenue was also down by 14%, falling to $1…
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