Two of Canada's biggest independent media companies handed in very different earnings report cards on Thursday, with profits plunging at Corus Entertainment Inc while rival Astral Media Inc's earnings jumped 9 percent.Astral, which is waiting for regulators to rule on a revised proposal to be acquired by BCE Inc, said growth at its main television operation and smaller outdoor advertising unit more than offset a slip in radio revenue.By contrast, Corus revealed a debt refinancing that further undercut quarterly earnings already hurt by poor television unit performance, but should place the company on firmer financial footing.The two companies compete to sell their television content to cable and satellite companies, and each own radio stations.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE traded higher by 0.28% or $0.13/share to $46.52. In the past year, the shares have traded as low as $39.12 and as high as $46.78. On average, 811751 shares of BCE exchange hands on a given day and today's volume is recorded at 100292.
BCE Inc. is a communications company, providing residential, business and wholesale customers with a range of solutions to all their communications needs. Shares of BCE traded higher by 0.04% or $0.02/share to $47.03. In the past year, the shares have traded as low as $39.34 and as high as $47.48. On average, 1373070 shares of BCE.TO exchange hands on a given day and today's volume is recorded at 95074.
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