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TAGGED AS DOUG MURPHY

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 loss this quarter blaming goodwill impairment charges, an advertising recession, and the CRTC’s Canadian programming...

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 period ending Nov. 30. TV revenues fell from $430 million to $392.1 million and radio was down to $28.3 million from $37.9 million. The company said in a release that TV advertising revenues were down 14 per cent, an improvement from the advertising declines it saw in previous quarters.  It said the disruptions caused by the COVID-19 pandemic “continue to negatively impact advertising revenues.” Another impact the second wave of the pandemic and resulting new restrictions are having is uncertainty over what TV shows the broadcaster can expect to have on its schedule, CEO Doug Murphy told analysts on a...

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...

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 analyst estimates, while “offset by lower than expected” radio revenues, according to RBC analyst Drew McReynolds.  Television revenues went up marginally from $426.2 million in the three months that ended on Nov. 30 in 2018 to $429.9 million for the same period in 2019, Corus reported in its first quarter earnings.  The slight uptick in television revenue came alongside a similarly-sized downtick in radio...

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...

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 market is expected to become more stable as its long-term strategy sets in, its CEO Doug Murphy said...

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...

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 company’s future that includes investing in more technology, better data use and more content in a...

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...

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 for its media division. “We have to play in that space,” Cope said on a conference call with analysts following the...

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...

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 demographics — though there is some question about the ability to monetize such investments. MCNs consist of multiple individual user-created online video “channels” that are amalgamated and managed by a single entity. Those channels were originally on Alphabet Inc.’s YouTube, but MCNs then expanded to various social media channels, including Facebook Inc.’s platform. “They...

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...

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 platforms. Corus said in a press release that the deal includes English- and French-language programming. "We are excited to leverage Nickelodeon’s high-quality content in new and innovative ways, giving Corus a competitive edge in this evolving media landscape, while offering Canada’s young, savvy digital consumers and their families full access to Nickelodeon’s...

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)...