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Corus Entertainment Inc.

10:51 AM EST - Corus Entertainment Inc. : reported a profit in its second quarter on Tuesday, compared with a loss a year earlier due to a large debt refinancing loss. Corus, which also owns the Nelvana animation house, earned $19.5 million, or 45 cents per share diluted. That compares with a loss of $65.7 million, or $1.54 per share, in the same quarter a year earlier, when the company had a pre-tax debt refinancing loss of $132 million. The company said it has boosted its dividend by 16 percent. Corus Entertainment Inc. shares T.CJR.B are trading up $1.02 at $45.64.