Two of Canada's biggest independent media companies handed in very different earnings report cards on Thursday, with profits at Corus Entertainment Inc plunging 81 percent while rival Astral Media Inc reported a 9 percent jump in earnings.Shares of Corus plunged 5 percent, while shares of Astral were little changed.Astral, which is waiting for regulators to rule on a revised proposal to be acquired by BCE Inc, Canada's biggest telecom provider and owner of the CTV television network, said growth at its main television operation and smaller outdoor advertising unit more than offset a slip in radio revenue.Astral said it saw no reason for the good times to end as it expects to lure more TV subscribers with its recently launched video streaming services, which allow customers to watch movies on mobile devices such as Apple's iPad, something that should help bring in more advertisers and perhaps boost ad rates.
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 0.12% or $0.0557/share to $46.45. 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 521448.
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 fell by 0.13% or $-0.06/share to $46.95. 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 693534.
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