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Company News

BUZZ-Corus Entertainment rises as TV business powers Q2 profit beat

** Shares of Canadian media company Corus Entertainment up 4.5 pct at C$6.73, on a five-day winning streak

** Co’s TV business powers Q2 profit beat

** Advertising revenue in TV business rises 11%

** Co expects mid-single-digit percentage increase in television advertising revenue for Q3

** Revenue rises 4% to C$384.1 mln, topping estimate of C$373.80 mln

** Five of 10 brokerages rate the stock “buy” or higher, 4 “hold” and 1 “sell”; their median PT is C$6.88

** Including session gains, CJRb up 41% YTD (Reporting by Shradha Singh in Bengaluru)

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