July 15, 2009 (FinancialWire) — Corus Entertainment Inc. (TSX: CJR.B) reported that its third-quarter net loss was $145.0 million or $1.81 per share, compared to net income of $37.7 million or $0.45 per share in the year-ago quarter. Net loss for the quarter includes a $175.0 million broadcast license and goodwill impairment charge. The prior year’s quarter benefited from $10.0 million in recoveries related to income tax changes and incurred a charge related to disputed regulatory fees. Removing the impact of these items results in adjusted basic earnings per share of $0.36 in the current year and $0.41 in the prior year. Consolidated revenues for the quarter were $195.4 million, down 6% from $207.8 million last year. Corus Entertainment shares closed even at $13.74 yesterday.

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