TAGGED AS DOUG MURPHY
Corus expects modest revenue decline in Q4, leaning into CanCon amid US writers’ strike
| 06/29/2023 4:59 pm EDT
As the advertising recession maintains its grip on Corus Entertainment Inc.’s revenue stream, the company said it will continue leaning into its Canadian and unscripted content in preparation for the possible impact of the ongoing writers’ strike in FY2024.
For the three months that ended May 31, Corus’ overall revenue saw a decline of eight per cent, down to...
Corus wants in on local news fund post Rogers-Shaw
Media | 05/26/2023 3:58 pm EDT
Corus Entertainment Inc. has written to the CRTC asking whether or not that the company will be allowed to avail of the Independent Local News Fund in the wake of Rogers Communications Inc.'s acquisition of Shaw Communications.
Corus was founded as Shaw Radio in the...
Corus partially blames advertising recession, CRTC required programming expenditures, for fourth-quarter losses
Media | 10/21/2022 7:18 pm EDT
Corus Entertainment Inc. revealed a $367.1 million...
Corus revenues down 10 per cent
Media | 01/12/2021 6:58 pm EST
Corus Entertainment Inc. reported Tuesday its first-quarter revenues were $420.3 million, down 10 per cent from the same period a year earlier. Profits, meanwhile, were down three per cent to $178.6 million in the three-month...
TV advertising declines slow down for Corus in Q4
Media | 10/22/2020 5:32 pm EDT
Corus Entertainment Inc. continues to feel the effects of the COVID-19 pandemic, but the rate of decline...
COVID has created a CanCon crisis, and Corus won’t waste it: CEO
Media | 09/15/2020 5:37 pm EDT
The production slowdown stemming from the COVID-19 pandemic lockdowns has created a crisis for Corus Entertainment Inc. in terms of meeting its CRTC-mandated Canadian programming expenditures (CPE),...
Q3 ‘very tough’ for Corus as ad revenues plummet
Media | 06/26/2020 3:27 pm EDT
The financial impacts of COVID-19 induced lockdowns led to a “very tough quarter” for Corus Entertainment Inc. as advertising revenue dropped dramatically, CEO Doug Murphy told analysts on Friday, with total revenues dropping 24 per cent on the year before to $348.9...
Advertising market in ‘modest recovery’: Corus
Media | 05/27/2020 6:34 pm EDT
Canada’s television advertising market has moved to a stage of “modest recovery” after chapters of...
Corus TV revenues up, radio down
telecom | 01/10/2020 5:42 pm EST
Corus Entertainment Inc. this morning reported television revenue either in line or slightly higher than...
Corus putting more focus on AVOD strategy
Media | 10/18/2019 5:46 pm EDT
High demand among advertisers for premium content to be siloed in ad-supported video-on-demand (AVOD)...
Raptors finals run a ‘massive drain’ on viewership, Corus says
Media | 06/26/2019 6:56 pm EDT
Executives at Corus Entertainment Inc., historically proud of not being in...
Corus asked BTLR to immediately change foreign ownership rules
Media | 05/30/2019 4:19 pm EDT
Corus Entertainment Inc., the only major Canadian broadcaster refusing to...
Corus’ turnaround partly propelled by ads returning to linear
Media | 04/05/2019 6:36 pm EDT
Corus Entertainment Inc. said it will see TV ad growth in the third quarter...
CBC president likens Netflix to colonialism
Media | 01/31/2019 4:27 pm EST
OTTAWA — CBC/Radio-Canada’s president Catherine Tait compared Netflix Inc.’s worldwide presence to...
Corus sees TV ad rebound in Q1
telecom | 01/11/2019 5:14 pm EST
Corus Entertainment Inc. reported quarterly results Friday that showed TV ad revenue increasing 3.6 per...
Artificial intelligence tests yielding promising results: Corus CEO
Media | 11/02/2018 12:09 pm EDT
OTTAWA — Corus Entertainment Inc. CEO Doug Murphy told an industry conference Thursday the company has been experimenting with artificial intelligence, including for...
Barbara Williams retiring from Corus
Media | 10/24/2018 3:32 pm EDT
Corus Entertainment Inc.’s chief operating officer, Barbara Williams, will retire at the end of this...
Corus expecting TV ad revenue to stabilize in a ‘handful’ of years
Media | 10/19/2018 5:57 pm EDT
Corus Entertainment Inc.’s wild ride through the unpredictable TV ad...
Broadcasters’ association, Corus, add new lobby registrations
Media | 08/24/2018 11:33 am EDT
The Canadian Association of Broadcasters registered to lobby the federal government on its review of the Copyright Act in July, which was otherwise a sleepy month in telecom and media government...
Numeris’ new digital measurement a ‘necessary step’: expert
Media | 07/16/2018 5:07 pm EDT
Broadcasters with multiplatform properties are expected to benefit from a...
Canadian broadcasters drawn by ‘ton of momentum’ in podcasting
Media | 07/06/2018 11:11 am EDT
In early May, the Liberal government faced questions in the House of Commons about a Canadian citizen who had returned to the country after participating in the ongoing...
Cogeco hires lobbyist with wireless spectrum expertise
telecom | 07/03/2018 11:54 am EDT
Amir Bigloo, who has a history of successful spectrum purchases as CEO of...
Corus outlines strategic roadmap, CEO ‘optimistic’ about future
telecom | 06/27/2018 4:10 pm EDT
Corus Entertainment Inc. executives delivered a mapped-out vision for the...
Live TV streaming services opportunity for Corus, CEO says
Media | 06/13/2018 5:30 pm EDT
U.S.-based video services like Alphabet Inc.’s YouTube TV and Amazon.com...
No clear suitor for Corus assets after report of sale: analysts
Media | 06/13/2018 1:51 pm EDT
Corus Entertainment Inc. CEO Doug Murphy is refusing to comment on a media...
Rogers, Bell add junk food bill concerns to lobby efforts
Media | 04/25/2018 2:54 pm EDT
Rogers Communications Inc. and BCE Inc. have registered to lobby the...
Corus plans TV ad tech test next month
Media | 04/05/2018 6:29 pm EDT
Corus Entertainment Inc. is “accelerating” its transformation into a more data-centric company, its...
Internet Society establishes lobby footing in Canada
Media | 03/27/2018 6:32 pm EDT
A decades-old organization that is pushing for a multilateral approach to decision-making on the future...
Canadian media industry still behind on data, conference hears
Media | 02/01/2018 7:57 pm EST
OTTAWA — The Canadian television industry is behind the curve when it...
As its TV ad revenue drops, Corus says ad tech is the future
Media | 01/10/2018 6:05 pm EST
Corus Entertainment Inc. executives emphasized their optimism about future plans in the advertising technology and programmatic ad space as the company reported quarterly results Wednesday that showed its television advertising revenues fell to the tune of four per cent in...
Tech giants increasing grip on advertising in Canada: report
Media | 11/21/2017 3:57 pm EST
While the total amount of advertising money flowing to Canadian media has...
Bell needs to do more with ad tech, CEO says
Media | 11/02/2017 3:43 pm EDT
BCE Inc. CEO George Cope said the company needs to do a better job of finding opportunities in emerging advertising technology, as the company seeks additional revenue growth...
Corus focuses on content over broadcast with Historia, Séries+ sale
Media | 10/18/2017 6:16 pm EDT
Corus Entertainment Inc. announced Tuesday it is selling two...
John MacDonald and Susan Schaefer to leave Corus
Media | 07/12/2017 5:40 pm EDT
Two senior executives at Corus Entertainment Inc. are expected to leave the company by the end of...
Corus sees revenue, profit boost in Q3
Media | 06/27/2017 12:46 pm EDT
Corus Entertainment Inc. reported increases in both revenues and profit Tuesday, numbers that reflected its purchase of Shaw Communications Inc.’s media division last year. For the three months ended May 31, the broadcaster’s Q3 profits rose 35 per cent to $175.8 million from $130.2 million in the same quarter last year. Similarly, revenues rose 28 per cent to $461.6 million compared to $360.8 in the equivalent period last year. Television profits rose to $171.3 million compared to $127.9 million in the same quarter in 2016, while revenues in that segment jumped to $422.3 million...
Ad pulls from YouTube show money shift to TV: Corus CEO
Media | 04/06/2017 8:05 pm EDT
The fallout from Alphabet Inc.’s placing of advertisements next to unfavourable content is in line with an ongoing trend of some advertisers shifting money from digital back to traditional...
Media companies looking to MCNs to reach younger audiences
Media | 11/11/2016 9:17 pm EST
Multi-channel networks (MCNs) have carved out a space in the online video ecosystem in recent years, leading traditional broadcasters to move into MCNs as a relatively low-risk way to reach younger...
Shaw Media carries Corus to 99% revenue increase in Q4
Media | 10/19/2016 8:55 pm EDT
Corus Entertainment Inc. reported Wednesday a 99 per cent increase in revenues for the fourth quarter, despite a decline in radio revenues. The three-month period, which...
Sports, conventional TV tame Corus gains on Shaw deal
Media | 07/13/2016 9:35 pm EDT
Corus Entertainment Inc.’s first quarterly report since it bought Shaw Media showed the acquisition drove a significant increase in overall revenues, profits and expenses, despite a fall in the division’s revenue due...
Corus CFO Tom Peddie retiring, Telus’ John Gossling coming on
telecom | 06/08/2016 6:20 pm EDT
Tom Peddie, Corus Entertainment Inc.’s executive vice-president and chief financial officer, has announced his retirement, the company said Wednesday. Peddie’s retirement, which is effective at the end of August, comes after 17 years with the company. “Tom is a very talented finance executive and...
CRTC approves Shaw-Corus deal, with no tangible benefits
Media | 03/23/2016 10:37 pm EDT
The CRTC has approved the acquisition of Shaw Communications Inc.’s media division by Corus Entertainment Inc., and decided not to require Corus to pay any tangible benefits, a contribution...
Corus votes in favour of Shaw Media acquisition
Media | 03/09/2016 10:02 pm EST
Corus Entertainment Inc. announced Wednesday it has voted in favour of acquiring Shaw Communications Inc.’s media division at a shareholders' meeting in Toronto. “Corus’ shareholders have spoken, voting in...
Tangible benefits unclear for Corus-Shaw deal: expert
Media | 01/13/2016 8:18 pm EST
Regulatory approval of Corus Entertainment Inc.'s planned purchase of Shaw Communications Inc.'s media division shouldn't be a problem since there's no real change in who's controlling the assets, said one...
Corus reports Q2 loss
Media | 04/09/2015 2:37 pm EDT
Corus Entertainment Inc. reported an $86.8 million loss for its second fiscal quarter, attributed largely to writedowns in the value of radio-broadcast licences and other associated goodwill charges. The company said in a press release Thursday that this compared to a profit of $6.1 million in the same period a year earlier. It said if it were not for the one-time radio charges of $130 million as well as acquisition, integration and restructuring costs of $8 million, which were offset by an investment-related gain of $17 million, it would have seen a profit of $28.5 million for the three months ended Feb. 28 this year. That would have compared to adjusted net income of $26.8 million a year before. Corus’ revenue was $191.5 million for the period, up slightly from $191.4 million a year earlier. It said television revenue rose two per...
Corus puts Mario Cecchini in charge of radio
Media | 04/01/2015 4:45 pm EDT
Corus Entertainment Inc. on Tuesday said it has made Mario Cecchini president of Corus Radio, effective immediately. Corus CEO Doug Murphy said in a press release that Cecchini has more than 25 years of experience in the radio...
Corus gets multi-platform rights to Nickelodeon content
Media | 04/01/2015 3:30 pm EDT
Corus Entertainment Inc. said Tuesday it has secured a long-term agreement with Viacom Inc.'s Nickelodeon division to secure the exclusive Canadian rights to its content for television in digital...
Doug Murphy takes over as Corus CEO
Media | 03/30/2015 8:06 pm EDT
Corus Entertainment Inc. on Monday announced that Doug Murphy taken over the job of president and CEO from John Cassaday, who has retired after 15 years in this role. The appointment follows the succession plan that was first...
Piracy, Netflix giving ‘false expectations’ about content cost: Crull
Media | 03/05/2015 10:10 pm EST
OTTAWA — Kevin Crull, president of BCE Inc.'s media division, said Thursday that monetization is currently his organization's biggest challenge, given the usage of over-the-top (OTT)...