Corus Entertainment says advertising revenue declined as company reports fourth-quarter earnings

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Corus says its profits amounted to 25 cents per diluted share for the quarter ended Aug. 31, compared with a loss of $1.82 per diluted share in the same quarter last year

Corus Entertainment Inc. reported a net income attributable to shareholders of $50.4-million in its latest quarter, a turnaround from its net loss of $367.1-million in the fourth quarter of last year.

Revenue totalled $338.8-million for the company’s fourth quarter, down slightly from $339.6-million a year earlier.

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