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Corus says COVID-delayed CPE requirements will significantly increase production spending

News | 10/22/2021 4:47 pm EDT

Corus Entertainment Inc. expects to see a “pretty significant increase in programming costs” this coming quarter, which executive vice-president and CFO John Gossling said is natural given delays on Canadian and foreign production during the COVID-19 pandemic, as well as a CRTC requirement to make up any 2020 Canadian programming expenditures (CPE) shortfalls in the next several years.

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