Corus Entertainment Inc. CJR-B-T reported its first-quarter profit fell compared with a year ago as its revenue also moved lower.
The television and radio company says it earned $31.4-million in net income attributable to shareholders or 16 cents per diluted share for the three months ended Nov. 30.
The result compared with a profit of $76.2-million or 36 cents per diluted share in the same quarter a year earlier.
Revenue totalled $431.2-million, down from $463.9-million a year earlier.
The decline in revenue came as Corus reported its television revenue fell to $401.5-million compared with $434.7-million.
Radio revenue was $29.7-million, up from $29.1-million a year earlier.