Day: February 7, 2023

Organic growth of 8.5% year-over-year in Broadcast and Recurring Commercial Music Revenues(1) including 18.1% in the United States; Revenues increased 18.9% to $89.2 million from $75.0 million; 805,000 streaming subscribers, up 16.4% over Q3 2022; Adjusted EBITDA(2) increased 20.9% to $34.5 million from $28.5 million. Adjusted EBITDA by segment was $22.6 million or 41.7% of revenues for Broadcasting and Commercial Music, $13.3 million or 37.9% of revenues for Radio and $(1.4) million for Corporate; Net income was $12.9 million ($0.19 per share(2)) compared with $12.5 million ($0.18 per share(2)); Adjusted Net income(2) of $16.5 million ($0.24 per share(2)) compared with $17.0 million ($0.24 per share(2)); Cash flow from operating activities decreased 0.6% to $24.6 million ($0.35 per share(2)) compared to $24.8 million ($0.35 per share(2)); Adjusted...

CALGARY, Alberta, Feb. 06, 2023 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the February 2023 monthly distribution of $0.10 per unit. Additionally, the Fund announces a quarterly distribution for preferred units. Cumulative Redeemable Series 1 and Series 2 Preferred Unit holders will receive a distribution of $0.30 per unit. The distribution will be paid on March 15, 2023 to unitholders of record on February 23, 2023. The ex-distribution date for this distribution is February 22, 2023. About Canoe EIT Income FundCanoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbols EIT.UN, EIT.PR.A...

TORONTO, Feb. 06, 2023 (GLOBE NEWSWIRE) — , February 6, 2023 — As previously announced, on December 12, 2022, Constellation Software Inc. (“Constellation”) (TSX:CSU) and its subsidiary Lumine Group Inc. (“Lumine Group”), entered into a binding agreement and plan of merger with WideOrbit Inc. (“WideOrbit”) to purchase 100% of the shares of WideOrbit, a U.S.-based media vertical market software provider. In connection with the anticipated closing of the acquisition and the subsequent public listing of the subordinate voting shares of Lumine Group, Lumine Group will be spun out of Constellation and will operate as a separate publicly traded company. WideOrbit will become a wholly owned subsidiary of Lumine Group and will operate as an autonomous business unit within the Lumine Group’s portfolio of companies. Constellation announced...