Corus Entertainment Announces Fiscal 2013 Third Quarter Results

CORUS ENTERTAINMENT INC.
BUSINESS SEGMENT INFORMATION

(unaudited - in thousands of Canadian dollars)

Three months ended May 31, 2013
		Radio	Television	Corporate	Consolidated
Revenues		47,078	152,982	—	200,060
Direct cost of sales, general
	and administrative expenses	32,204	91,166	8,464	131,834
Segment profit (loss)⁽¹⁾		14,874	61,816	(8,464)	68,226
Depreciation and amortization					6,926
Interest expense					10,456
Business acquisition, integration and restructuring costs					2,147
Gain on sale of associated company					(55,394)
Other expense, net					82
Income before income taxes					104,009

Three months ended May 31, 2012
		Radio	Television	Corporate	Consolidated
Revenues		49,329	154,749	—	204,078
Direct cost of sales, general
	and administrative expenses	33,178	88,017	7,227	128,422
Segment profit (loss)⁽¹⁾		16,151	66,732	(7,227)	75,656
Depreciation and amortization					6,339
Interest expense					13,190
Business acquisition, integration and restructuring costs					2,325
Other income, net					(3,532)
Income before income taxes					57,334

Nine months ended May 31, 2013
		Radio	Television	Corporate	Consolidated
Revenues		139,679	470,228	—	609,907
Direct cost of sales, general
	and administrative expenses	96,195	277,918	20,227	394,340
Segment profit (loss)⁽¹⁾		43,484	192,310	(20,227)	215,567
Depreciation and amortization					20,872
Interest expense					35,859
Debt refinancing					25,033
Business acquisition, integration and restructuring costs					2,147
Gain on sale of associated company					(55,394)
Other expense, net					162
Income before income taxes					186,888

Nine months ended May 31, 2012
		Radio	Television	Corporate	Consolidated
Revenues		143,577	503,075	—	646,652
Direct cost of sales, general
	and administrative expenses	101,145	295,427	20,963	417,535
Segment profit (loss) ⁽¹⁾		42,432	207,648	(20,963)	229,117
Depreciation and amortization					19,231
Interest expense					40,027
Business acquisition, integration and restructuring costs					2,325
Other income, net					(4,702)
Income before income taxes					172,236

⁽¹⁾ See definitions and discussion under Key Performance Indicators in MD&A.

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