DAILY NEWS Nov 29, 2012 9:25 AM - 0 comments

Corus Provides Fiscal 2013 Guidance

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Today Corus Entertainment Inc. will present the Company's fiscal 2013 strategic priorities and provide near-term financial guidance for the 2013 fiscal year.

“Our powerful brands and continued focus on operational excellence and cost control gives us confidence that we can continue to drive strong Television and Radio margins in fiscal 2013,” said John Cassaday , President and Chief Executive Officer, Corus Entertainment.

“For fiscal 2013, we are targeting consolidated segment profit of $293 million to $303 million and free cash flow in excess of $140 million. We will continue to build our newer television service offerings, such as ABC Spark and Oprah Winfrey Network, introduce new and innovative products, maintain our focus on generating sustainable free cash flow and return cash to our shareholders,” added Cassaday.

Corus Entertainment Inc. reports in Canadian dollars.

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