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from the internets: CORUS Profits Triple from Teletoon Purchase

Shoulda bought stock.

“controlled by the Shaw family”. Classic.

One Comment

  1. Cameron A. Cameron A. January 17, 2014

    First-quarter net income included a non-cash gain of C$127.9 million ($117.7 million) from a remeasurement in value of Corus’s 50 percent stake in Teletoon following its acquisition of the company in September.

    Teletoon wasn’t legally a fully-owned Corus property until January 1, 2014. Corus consolidated Teletoon’s financial statements into its own, starting September 2013.


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