Corus executives confirmed that the Company will achieve its consolidated
free cash flow target and its EBITDA guidance for the fiscal year ending
August 31, 2007. Corus will release its audited year-end results on
October 25, 2007.
John Cassaday, President and Chief Executive Officer, commented, “For
fiscal year 2008, we are targeting free cash flow of $90 to $110 million and
consolidated EBITDA of $250 to $260 million.”
“We are confident that we can continue to grow our business again in
fiscal 2008,” added Cassaday. “We are anticipating strong economic growth for
Canada, as well as continued growth for our two core businesses, specialty
television and radio.”
A full audio and PowerPoint archive of Corus Entertainment’s presentation
to investors is available on the Company’s website under “Investor
Information”.
