Corus Entertainment (CJR) Updates Outlook for 2009
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Corus Entertainment Inc. (NYSE: CJR) updates investors on the Company's fiscal year 2009 strategic priorities and provides near-term financial guidance for the 2009 fiscal year.
"We have the plans in place to deliver solid results once again in 2009. We have excellent growth prospects within our women's specialty business with the addition of CosmoTV and CLT and, within our pay television service, with the addition of HBO Canada," said John Cassaday, President and Chief Executive Officer, Corus Entertainment.
"For fiscal year 2009, we are targeting free cash flow of $70 to $90 million and consolidated segment profit of $270 to $280 million."
Corus Entertainment Inc. (Corus) is a Canada-based media and entertainment company with interests in radio broadcasting, television broadcasting, and the production and distribution of children's media content.[SM]
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