TORONTO — Corus Entertainment Inc. reported a net loss attributable to shareholders of $36.5 million in its latest quarter as the company behind Global Television saw its revenue fall 16 per cent compared with a year ago.
Chief executive John Gossling says the results reflected significant savings from cost management initiatives, which helped partially offset continued pressure on linear television advertising demand.
The television and radio broadcaster says the loss amounted to 18 cents per diluted share for the quarter ended May 31. The result compared with a loss of $7.3 million or four cents per diluted share for the same quarter last year.
On an adjusted basis, Corus says it lost 15 cents per share in its latest quarter compared with an adjusted profit of six cents per share a year earlier.
Revenue for what was the company’s third quarter totalled $249.4 million, down from $297.8 million a year earlier.
Television revenue amounted to $229.5 million, down from $274.5 million a year ago, while radio revenue totalled $19.9 million, down from $23.3 million.
This report by The Canadian Press was first published June 26, 2026.
Companies in this story: (TSX:CJR.B)
The Canadian Press
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‘ Some details of this article were extracted from the following source ca.finance.yahoo.com ’
