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CHUM Revenues, Profits Up
January 16, 2006 at 6:08 AM (PT)
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CHUM LTD. first quarter radio revenues rose 3.5 per cent to C$37.4 million, and the company's overall profit rose 13% to C$24.3 million (86 cents/share), but while the numbers beat analysts' projections, CHUM is warning that full year profit increases are "expected to be modest." The WINTER OLYMPICS and NHL hockey on TV networks competing with CHUM's CITY-TV and A CHANNEL broadcast TV stations and its several cable networks are expected to impact CHUM's revenue in coming quarters.

