Canada's Corus profit halves due to weak radio business

Reuters

Oct 24 (Reuters) - Canadian media company CorusEntertainment Inc's profit nearly halved as a rise inspecialty advertisement revenue failed to offset weakness in itsradio division.

Net profit attributable to shareholders fell to C$11.9million, or 14 Canadian cents per share, for the quarter endedAug. 31, from C$23.3 million, or 28 Canadian cents per share, ayear earlier.

Consolidated revenue fell marginally to C$193.6 million($186 million).

Corus is controlled by the Shaw family, which also runscable company Shaw Communications Inc.

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