DHX Media sells fourth season of Caillou to PBS Kids

The sale came as DHX Media swung to a first quarter loss after recently closing a deal to acquire Cookie Jar Entertainment to create Canada's largest kids entertainment company.
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DHX Media on Wednesday unveiled an early harvest from its recent acquisition of Cookie Jar Entertainment: the sale of Caillous fourth season to PBS Kids.

The U.S. channel will take the latest 26 episodes of the pre-school kids series.

Halifax-based DHX Media, as it released its first quarter results Wednesday, also revealed it has put its finger on $8 million in potential cost savings after acquiring Cookie Jar Entertainment to create Canada’s largest kids entertainment group.

“We are also pleased to report that significant progress has been made towards the integration of Cookie Jar since closing and we can now confirm that the target run-rate cost synergies of $8 million have been fully identified and implementation is well underway,” Michael Donovan, chairman and CEO of DHX Media, said in a statement after releasing his latest financial results after closing the Cookie Jar transaction on October 22.

DHX Media posted a loss of $72,000 for the three months to September 20, against a year-earlier profit of $318,000, on total revenue down 20% to $13.51 million.