Toronto, Canada-based Corus Entertainment, which owns Nelvana Enterprises and the nation’s top kidcaster YTV, enjoyed a profitable second quarter.
Consolidated Q2 revenues were up 6% to US$150.9 million, while net income rang in at US$16.8 million, compared to a loss of US$56.7 million last year. Combined radio and TV revenues were up 6% for the quarter and 7% year-to-date.
Corus Television accounted for the lion’s share of the growth, with ad revenue shooting up 14% to bring in US$86.8 million. Meanwhile, Corus Content revenues grew by 15% to US$14.9 million year-to-date.