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Company News

BUZZ-Corus Entertainment: Falls as Q1 results miss

** Canadian broadcaster’s shares drop as much as 11 pct to C$9.75, 2nd-biggest loser on Toronto Stock Exchange

** Set for its worst day in more than 2 yrs after Q1 2018 results miss est due to lower ad revenue from TV, its biggest segment

** More than 1.4 mln shares traded, 3.9x 30-DMA - stock’s busiest day since Oct 24

** Gains in local Radio advertising and Nelvana content business combined with better-than-expected subscriber revenues were more than offset by weak television advertising market conditions - CEO Doug Murphy

** Stock fell ~12 pct in 2017 (Reporting by John Benny)

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