The Globe and Mail reports in its Thursday, June 30, edition that Corus Entertainment chief executive officer Doug Murphy said Wednesday that a recession is something he is "confident" the company can manage through. A Canadian Press dispatch to The Globe reports that Mr. Murphy says Corus has put together a portfolio of businesses that should be "resilient to withstand potential recessionary pressures." He says Corus has levers it can pull to manage its cost structure in the event of a recession, like adjusting the timing of content being aired and being more disciplined around expenses. Corus is set to launch Pluto TV in Canada this fall in partnership with Paramount Global, part of its broader strategy to expand its digital, streaming and content offerings, which includes Stack TV, the Global TV app, Corus Studios and a U.S. output deal with Hulu. Corus reported Wednesday that its third quarter profit fell compared with a year ago as its revenue grew 8 per cent. Its net income attributable to shareholders totalled $29.6-million, or 14 cents per diluted share, for the quarter ending May 31, down from $40.7-million, or 19 cents per diluted share, a year earlier.