01:14 PM EDT, 06/27/2025 (MT Newswires) -- Corus Entertainment (CJR-B.TO) reported an improved third-quarter but TV advertising revenue declined -15% as expected, as margins outperformed on lower deliveries, cost controls, and some one-time items, writes BMO analyst Tim Casey.

The advertising outlook remains weak and management warned that it expects a 20% decline in fourth-quarter TV advertising.

While Corus has some financing flexibility through calendar year 2026, BMO remains concerned about its ability to repay debt.

BMO has a Market Perform rating on Corus, without a price target.