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Corus Entertainment Inc.

10:39 AM EST - Corus Entertainment Inc. : Announced its fourth-quarter and year-end financial results today. Consolidated revenues decreased 1% for the quarter and 2% for the year. Net income attributable to shareholders of $33.7 million ($0.16 per share basic) for the quarter and net loss attributable to shareholders of $784.5 million ($3.77 loss per share basic) for the year due to broadcast license and goodwill impairment charges of $1,013.7 million recorded in the third quarter. Adjusted basic earnings per share(2) of $0.19 per share for the quarter and $1.14 per share for the year. Corus Entertainment Inc. shares T.CJR.B are trading up $0.35 at $4.95.