Women pay off for Corus

Corus Entertainment saw net income dip last quarter but reported generally positive numbers, despite the economy and ad market. Net income at the TV and radio conglomerate fell to $29 million for the period ending Feb. 28, 2009, down from $35.4 million for the same period last year.

Revenues were up 1% to $181.4 million, fueled by the TV division, which rose 5% on the strength of subscriber growth and ‘advertising targeted to women.’ Corus owns three female-aimed cable channels – W Network, Cosmo and Viva – along with other outlets such as YTV, Treehouse and Movie Central.