Corus Entertainment Inc. (T:CJR.B)
Business Focus: Radio Broadcasting
| Sector: Consumer Cyclicals | Industry: Broadcasting |
| Company Contact | |
| Address: | 25 Dockside Dr TORONTO ON M5A 0B5 |
| Tel: | N/A |
| Website: | https://www.corusent.com |
| IR: | See website |
| Key People | ||
| Heather A. Shaw Executive Chairman of the Board | Douglas Donovan Murphy President, Chief Executive Officer, Director | John Richard Gossling Chief Financial Officer, Executive Vice President |
| Jennifer Lee Executive Vice President, General Counsel | Cheryl Fullerton Executive Vice President - People and Communications | Shawn Kelly Executive Vice President - Technology |
| Gregory G. Mclelland Executive Vice President, Chief Revenue Officer | Troy Reeb Executive Vice President - Networks and Content | |
| Business Overview |
| Corus Entertainment Inc. is a Canada-based diversified, integrated media and content company that develops and delivers brands and content across platforms. The Company operates in two segments: Television and Radio. The Television segment is comprised of over 33 television networks, approximately 15 conventional television stations, digital media assets, a social digital agency, a social media creator network, technology and media services, and content business, which includes the production and distribution of films and television programs, merchandise licensing, and book publishing. The Radio segment is comprised of around 39 radio stations situated primarily in high-growth urban centres in English Canada, with a concentration in the densely populated area of Southern Ontario. The Company's primary method of distribution is over-the-air, analogue radio transmission, with additional delivery platforms including HD radio, websites, mobile applications and podcasts. |
| Financial Overview |
| For the six months ended 29 February 2024, Corus Entertainment Inc. revenues decreased 14% to C$669.4M. Net income increased 44% to C$22.9M. Revenues reflect Television segment decrease of 14% to C$620.5M, Radio segment decrease of 6% to C$48.9M. Net income reflects Depreciation and amortization decrease of 25% to C$60.2M (expense), Other general and administrative decrease of 20% to C$78.1M (expense). |
| Employees: | 3,137 as of Aug 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,270M as of Feb 29, 2024 |
| Annual revenue (TTM): | $1,406M as of Feb 29, 2024 |
| EBITDA (TTM): | $975.41M as of Feb 29, 2024 |
| Net annual income (TTM): | -$421.73M as of Feb 29, 2024 |
| Free cash flow (TTM): | $101.54M as of Feb 29, 2024 |
| Net Debt Last Fiscal Year: | $1,001M as of Feb 29, 2024 |
| Shares outstanding: | 199,440,158 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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