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CHUM Ltd. Revenues Rise Slightly, Earnings Off For Fiscal Q3
July 13, 2006 at 6:35 AM (PT)
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CHUM LTD., on the day BELL GLOBEMEDIA announced that it is buying the company, reported that its fiscal third quarter revenues rose 0.4% to C$176.21 million but net earnings fell 3.7% to C$22.5 million (80 cents/share). The Canadian radio/TV company blamed the shift of advertising away from its cable networks back to the returning hockey coverage on competing networks and the WINTER OLYMPICS for the slow revenue growth.

