Corus again blames ‘recession’ for revenue drop; looks ahead to C-11
News | 04/13/2023 6:31 pm EDT
Fiscal 2023 will be an “especially challenging” year for Corus Entertainment Inc., according to the company’s CEO, because of the “double whammy” of an advertising recession and an “unexpected” CRTC decision requiring the company to pay its deferred Canadian content obligations.