The Financial Post reports in its Saturday, Jan. 14, edition that Corus Entertainment's first quarter profit fell compared with a year ago as revenue moved lower. A Canadian Press dispatch to the Post reports that the firm said it earned $31.4-million in net income attributable to shareholders or 16 cents per diluted share for the three months ended Nov. 30. That 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. Corus shares fell as much as 15 per cent on Friday.
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