TORONTO — Its TSX-traded stock hasn’t been over $1 CDN since the end of September 2023. Its fiscal year ended with a dour portrait of a period in which the WGA and SAG-AFTRA strikes and advertising softness impacted profits.
How did Corus Entertainment fare in its fiscal first quarter of 2024? Not as good as it did one year earlier, putting added pressure on the owner of radio and MVPD-distributed television offerings.
![iHeartMedia CEO Bob Pittman, actor Vilmer Valderrama and President/COO and CFO Rich Bressler attend a Happy Hour at iHeartCafé | La Californie during the Cannes Lions Festival on June 19 in Cannes, France. [Photo: Adam Berry/Getty Images for iHeartMedia]](https://rbr.com/wp-content/uploads/2158288343-scaled-e1718914953101-218x150.jpg "Cannes Again For iHeartMedia’s Top Leaders and Talent")