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TAGGED AS CORUS

Broadcasters want policy direction on C-11; streamers want their algorithms left alone

Media | 09/15/2022 7:51 pm EDT

Canadian broadcasting executives, from companies both big and small, told Senators studying the government’s efforts to update the Broadcasting Act that they would like to...

Corus revenue up, profit down

Media | 06/29/2022 5:18 pm EDT

For the three months that ended on May 31, Corus Entertainment Inc.'s overall revenue was up to $433.5 million from $403 million this time last year, according to the company's third quarter results released Wednesday. Television revenue was up to $404.1 million from $379.8 million a year ago. Radio revenues were also up to $29.3 million from $23.2 million at the close of the third quarter last year.  Advertising revenue was up to just under $238 million from $233.2 million last year, while subscriber revenue climbed...

Corus profit margins lower, citing end of CEWS.

Media | 04/08/2022 5:01 pm EDT

Corus Entertainment Inc.'s profits were hit by the loss of approximately $12 million in wage subsidies...

Corus sells over 400 episodes of different series to Hulu

Media | 04/07/2022 3:31 pm EDT

Corus Entertainment Inc.’s Corus Studios announced Thursday it has sold...

Rogers “not putting a dime” in middle tier news market: Conservative MP

Media | 03/02/2022 7:16 pm EST

Community-owned television outlets “are not producing local news that...

CRTC CPE deferral will mean revenue in 2023: Corus CEO

Media | 01/13/2022 5:07 pm EST

Corus Entertainment Inc. CEO Doug Murphy reiterated a long-standing call...

Corus revenues rebounding

telecom | 06/30/2021 4:54 pm EDT

Revenues across Corus Entertainment Inc.'s radio and television divisions were up significantly as the company reported its third quarter earnings results Tuesday.  RBC Capital Markets analyst Drew McReynolds said in a Tuesday evening note that the positive numbers were potentially due to "pent-up demand from advertisers post-re-opening to get brands in front of consumers." For the three months ending on May 31, overall revenues were up 15 per cent to $403 million from $348.9 million this time last year, for a profit...

Corus bounces back

Media | 04/09/2021 4:52 pm EDT

Corus Entertainment Inc. reported Friday that it had begun to recover some of the losses of the earlier stages of the pandemic, with bleeding stopped in its television segment. The company posted second quarter television revenues of $338.5 million, a mere three per cent drop from the $347.8...

Canadian radio broadcasters ask CRTC for space to compete with streamers

Media | 03/30/2021 5:35 pm EDT

The CRTC needs to do away with restrictive regulations, argue multiple...

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...

Broadcasters sign up to BIPOC hiring directory

telecom | 10/05/2020 6:41 pm EDT

Canada’s largest broadcasters have committed to making the use of a Black, Indigenous, and people of colour (BIPOC) hiring database a prerequisite to giving original productions the green light.  The broadcasters are...

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),...

Corus allowed to expand CanCon underspend, provided it’s paid off next year

Media | 07/10/2020 2:45 pm EDT

The CRTC has allowed Corus Entertainment Inc. to reduce its mandated Canadian programming expenditures (CPE) in a single year, but declared any shortfall must be made up in the following year. In a...

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...

Calm before the COVID storm in Corus Q2

Media | 04/01/2020 5:14 pm EDT

Corus Entertainment Inc. has deferred the declaration of its dividends in response to the uncertainty...

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)...

Corus asks CRTC to defer CanCon obligations, citing volatility

Media | 10/03/2019 4:57 pm EDT

Corus Entertainment Inc. is asking the CRTC if the broadcaster can spend...

Corus separately lobbied gov’t on journalism tax credits

Media | 08/28/2019 3:31 pm EDT

Corus Entertainment Inc. registered to lobby the government to promote the eligibility of broadcasters for a new journalism tax initiative announced by the federal government late last year.  The...

CRTC commissioning report about market impact of online BDUs

Media | 08/09/2019 6:40 pm EDT

The CRTC wants to know more about the potential for the Canadian...

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 the sports content business, admitted on Wednesday that the Toronto Raptors’ NBA finals route...

CRTC allows Corus to close down 44 TV rebroadcasting towers

Media | 06/13/2019 4:48 pm EDT

The CRTC has approved a request from Corus Entertainment Inc. to shutter 44 of its television transmitting towers that serve rural customers. The original application from November said that the...

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...

CRTC sticks with OMNI for multi-ethnic must-carry spot

Media | 05/23/2019 6:12 pm EDT

Rogers Communications Inc.'s OMNI will continue to benefit from the sole...

Shaw selling Corus shares worth $548M

Media | 05/15/2019 1:34 pm EDT

Shaw Communications Inc. is getting rid of $548 million in shares in Corus Entertainment Inc. The...

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...

Bell asks to shut down 28 rebroadcasting transmitters

telecom | 03/26/2019 6:15 pm EDT

BCE Inc.’s media division is asking the CRTC to allow it to shutter 28 of its rebroadcasting...

Press council warns BTLR of ‘gap’ in complaints process for broadcasters

Media | 02/15/2019 4:16 pm EST

The National NewsMedia Council wrote to the expert panel reviewing...

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...

Telus, Corus jockeying over PVR cloud storage rules

telecom | 12/19/2018 10:48 am EST

Corus Entertainment Inc. is taking issue with a request by Telus Corp. to have Parliament change the rules for storing personal video recorder (PVR) recordings on network servers, warning the server-space-saving proposal could hurt the video-on-demand market. Telus has...

Corus lost $2.3M in unspent CMF money from failed French channels deal

Media | 12/10/2018 10:14 am EST

Corus Entertainment Inc. had $2.3 million in Canada Media Fund (CMF) money...

Corus wants to shutter 44 TV rebroadcasting transmitters

Media | 11/13/2018 6:17 pm EST

Corus Entertainment Inc. is asking the CRTC for permission to shut down 44...

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...

Corus puts marketing team under one group in restructuring

Media | 07/27/2018 4:48 pm EDT

Corus Entertainment Inc. is consolidating its marketing and promotional...

Court nixing Que. site-blocking ‘helpful’ against FairPlay: advocates

Media | 07/24/2018 5:59 pm EDT

The Quebec Superior Court has ruled against a plan by the Quebec government...

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...

Corus outlines strategic roadmap, CEO ‘optimistic’ about future

Media | 06/27/2018 4:10 pm EDT

Corus Entertainment Inc. executives delivered a mapped-out vision for the...

Growth of OTT doesn’t affect broadcast competition: Comp Bureau

Media | 06/01/2018 3:39 pm EDT

The growth of over-the-top (OTT) services did not change the mind of the Competition Bureau when it rejected a deal earlier this week involving two French-language channels. The bureau denied the...

Corus and Bell terminate Historia, Series+ deal

Media | 05/30/2018 8:22 pm EDT

Corus Entertainment Inc. said it has come to an agreement with BCE Inc. to officially terminate a previous arrangement that would’ve seen two of its French-language specialty channels sold to Bell, after the Competition Bureau...

FairPlay hits back, claims piracy cost TV providers as much as $761M

Media | 05/15/2018 3:00 pm EDT

The FairPlay coalition has responded to the laundry list of criticism...

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...

CRTC asks for public input on Canada’s next multi-ethnic channel licensee

Media | 04/17/2018 4:43 pm EDT

The CRTC wants Canadians to weigh in as it considers the candidates competing for a licence for a multi-ethnic channel with mandatory carriage on basic TV packages. It said in a press release Tuesday that it has received eight applications that fulfill its criteria and wants Canadians to send in their comments on the proposals by May 17. It will then hold a public hearing on Oct. 15. Last year, the regulator gave Rogers Communications Inc. a temporary licence to run OMNI Regional as a...

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...

CRTC consulting on Historia, Séries+ sale

Media | 03/21/2018 2:31 pm EDT

The CRTC is accepting comments on the sale of the Historia and Séries+ specialty channels from Corus Entertainment Inc. to BCE Inc. The regulator said in a Tuesday notice that Bell proposed to direct most of the $20 million in...

Corus cutting 80 news jobs, many in ‘traditional TV production’

Media | 02/16/2018 10:48 am EST

Corus Entertainment Inc. has confirmed it is eliminating close “to 80...

1% increase for PNI not enough, creative groups say

Media | 01/30/2018 5:33 pm EST

Creative groups are standing their ground on spending for programs of national interest (PNI), suggesting that a marginal increase in funding for those programs proposed by the large English-language broadcasters last month is not...

Bill on junk food ads for kids could do ‘significant damage’: Corus

Media | 01/24/2018 4:20 pm EST

Proposed legislation intended to combat the marketing of unhealthy food and drink to children will have an adverse effect on broadcasters due to a loss of much-needed...

Nelvana makes management changes

Media | 01/19/2018 4:03 pm EST

Corus Entertainment Inc.’s Nelvana is shaking up its core team, with a new appointment and promotions,...

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...

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...

Telus leads in end-of-summer lobbying activity

Media | 09/25/2017 5:31 pm EDT

Telus Corp. was far and away the busiest industry stakeholder when it came to...

Changes ahead for ‘use-it-or-lose-it’ as terms of trade expires

Media | 08/25/2017 5:06 pm EDT

While online discussion forums are rife with debate — and more often, complaints — about why Canadians can’t access popular American television shows legally online, Canadian content producers...

New OTT offerings pose threat to BDUs, opportunity for producers

Media | 08/17/2017 4:47 pm EDT

A proliferation of new streaming TV competition in Canada is set to benefit...

CRTC licence decision sent back to drawing board

Media | 08/14/2017 5:55 pm EDT

A controversial CRTC decision that creative groups said would negatively affect the production of Canadian content will be sent back to the CRTC for reconsideration by the federal cabinet, Heritage Minister Mélanie Joly...

Broadcasters need mandated contributions: CMPA

Media | 08/03/2017 12:51 pm EDT

The Canadian Media Producers Association (CMPA) is disputing arguments made in an open letter published...

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 summer, according to an internal note from CEO and president Doug Murphy. John MacDonald, senior vice-president of women and lifestyle content, and Susan Schaefer, senior...

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...

Rogers’ OMNI gets temporary mandatory distribution

Media | 05/15/2017 5:13 pm EDT

Rogers Communications Inc. will get a three-year window to run its new national ethnic channel before having to compete with other proposals for its mandatory carriage, the CRTC announced Monday. The regulator partially...

Shaw, Corus closing 3 community TV stations, shifting to Global

Media | 04/26/2017 6:06 pm EDT

Shaw Communications Inc. and Corus Entertainment Inc. will close three Shaw local TV stations in Vancouver, Edmonton and Calgary, and redistribute the annual funding to Global News...

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...

Facebook beefs up lobbying squad

Media | 03/21/2017 3:04 pm EDT

Facebook Inc. is increasing its government relations presence in Ottawa, with three new registrations filed with the lobbying commissioner’s office last month. According to the federal lobbyists’ registry, the social media giant has contracted the services of U.K.-based consulting firm AA Access Partnership Ltd., bringing the number of consultants registered to lobby on behalf of Facebook to nine. Each of the three new consultants is registered to communicate with the House of Commons, Indigenous and Northern Affairs Canada and Innovation, Science and Economic Development Canada about infrastructure, science and technology and telecommunications, according to the registry. The focus of these new registrations is “Canadian international telecommunications policy as it pertains to global broadband...

Corus to sell cookie data to advertisers

Media | 03/06/2017 10:11 pm EST

Corus Entertainment Inc. is now selling to advertisers users’ cookie data to better target audience members, the company announced Monday. In a press release, Corus said it’s the “first major Canadian...

Hub for Canadian radio launches

Media | 03/01/2017 5:31 pm EST

More than 400 Canadian radio stations across the country are now available on a newly launched app featuring both public and private broadcasters. The free Radioplayer app launched Wednesday “gives radio listeners...

Shaw media helps Corus increase revenue in another quarter

Media | 01/11/2017 6:39 pm EST

Corus Entertainment Inc.’s purchase of Shaw Communications Inc.’s media division again helped it post a revenue increase, this time a 105 per cent increase and a 100 per cent...

Avoid ISP tax, tweak CanCon rules, companies say in Heritage review

Media | 12/19/2016 6:10 pm EST

There isn’t much disagreement between some of the country’s biggest media and telecom service providers over whether foreign entities, such as over-the-top providers like Netflix...

Public consultation before closing TV stations unwarranted: Bell, Rogers

Media | 12/02/2016 12:53 am EST

GATINEAU, Que. — CRTC Chairman Jean-Pierre Blais floated the idea that the commission should require a public consultation before a broadcaster closes a TV station during the last day...

VI news stations need rules to ensure independence: Telus

Media | 12/01/2016 12:47 am EST

GATINEAU, Que. — The question of whether news stations owned by vertically-integrated (VI) companies need  safeguards for journalistic independence came up at the CRTC’s...

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...

Corus launches History OTT service

Media | 11/10/2016 8:36 pm EST

Corus Entertainment Inc. has launched History Vault, a subscription over-the-top (OTT) service featuring programming from its History channel. The service, which costs $5.49 a month, “features hundreds of hours of...

CRTC calls for radio licence applications for Hamilton-Niagara

Media | 11/10/2016 6:52 pm EST

Two communities in Ontario’s Hamilton-Niagara region can handle “at least” one radio station, the CRTC said as it issued a call for applications Thursday. The announcement follows a January application filed by Dufferin Communications Inc. to serve Grimsby and Beamsville, Ont., with a commercial radio station. Interveners opposing the call for applications —including BCE Inc., Corus Entertainment Inc. and Rogers Communications Inc., which operate six of the seven radio stations in the Hamilton market and three in St....

Ronnie Stanton leaving Corus Radio VP position

Media | 11/01/2016 8:55 pm EDT

Ronnie Stanton will leave his current position as vice-president of radio programming for Corus Entertainment Inc.’s Corus Radio Network, though he will continue to consult for the company. Corus spokeswoman Samantha...

AT&T, Time Warner deal shows VI trending in opposite directions: analyst

Media | 10/24/2016 9:18 pm EDT

A potential merger between AT&T Inc. and Time Warner Cable Inc. highlights a move by United States-based companies toward vertical integration, just as developments in Canada...

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...

Some Corus talk radio stations streaming on Apple Music

Media | 10/12/2016 7:23 pm EDT

Corus Entertainment Inc. is making seven of its news talk radio stations available for free internationally on Apple Inc.’s Apple Music streaming service. The company said in...

iHeartRadio launches in Canada

Media | 10/07/2016 4:56 pm EDT

iHeartMedia Inc.'s free digital radio and music streaming service is now available in Canada, according to a press release from BCE Inc.’s media division. The free app, iHeartRadio, is available on a preview basis ahead of its official launch on Oct. 10. The app “showcases an unparalleled amount of music, news/talk, comedy, and sports content from Bell Media, Canada’s largest radio broadcaster with 105 licensed English and French radio stations, plus more than 100 additional curated streaming music channels to suit every taste,” Bell said in the release Thursday. “iHeartRadio is an enormously successful brand that will represent Bell Media’s radio strategy in Canada, in many incarnations, including must-see live concerts, events, and more,” Randy Lennox, Bell Media’s...

Data consumption, competitive pressures headline investor conference

Media | 09/21/2016 9:17 pm EDT

Canada’s biggest telcos told investors Wednesday that they are seeing growth in wireless data usage on the first of a two-day conference hosted by CIBC World Markets. BCE Inc....

Nelvana, Disney sign distribution deal

telecom | 08/29/2016 8:38 pm EDT

Canadian producer-distributor Nelvana, which is owned by Corus Entertainment Inc., has inked a deal with a Walt Disney Co. subsidiary licensing international broadcast and on-demand rights for a new animated series...

Dan Beer named You.i TV COO

Media | 08/19/2016 7:13 pm EDT

Burgeoning Ottawa-based TV app maker You.i TV has hired its first chief operating officer, the company announced this week. In a Tuesday press release, the company said Dan Beer’s appointment was made “in order to fuel the company’s continued rapid growth and...

CRTC denies Durham Radio Toronto proposal

Media | 08/02/2016 8:42 pm EDT

The CRTC has denied an application by Durham Radio Inc. to change the transmitter of its FM tower to expand its service into Toronto. In a decision Monday, the commission said that the proposal to modify the CJKX-FM-2, a...

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...

Broadcast licence renewal hearing set for November

telecom | 06/16/2016 3:56 pm EDT

The CRTC said Wednesday it will hold a public hearing to renew broadcast licences held by large ownership groups, including Rogers Communications Inc., BCE Inc., Corus Entertainment...

CRTC ‘rebalances’ TV system funds; up to $90M available for local news

Media | 06/15/2016 10:44 pm EDT

The CRTC has established new funding for local television news in a decision on its local and community TV hearing, though advocates expressed concern that the changes won’t happen quickly...

Heritage’s CanCon review could take a decade to play out, panel hears

Media | 05/05/2016 10:06 pm EDT

OTTAWA — The results of the sweeping review of Canadian content in a digital age announced by Heritage Canada last week could take 10 years to materialize, University of Ottawa law professor...

Corus working on programmatic ads for linear TV

Media | 04/20/2016 8:09 pm EDT

Corus Entertainment Inc. said Wednesday that it plans to launch programmatic, or automatic, ad-buying for traditional TV. “Corus will be the first Canadian broadcaster to commit to bringing programmatic TV advertising capabilities to linear television, providing a unique, data-driven TV ad product aimed at reaching advertisers’ customers more effectively and efficiently,” the company said in a press release. It said it will develop the program in partnership with Comcast Corp.’s Visible World division. “The Visible World platform is an industry-leading solution...

Corus radio, TV revenue up 3%: Q2

Media | 04/13/2016 5:50 pm EDT

Corus Entertainment Inc. reported Wednesday a three-per-cent rise in revenue in the second fiscal quarter of 2016 to $197.7 million, up from $191.5 million the same period a year earlier. In the three months...

Corus closes Shaw Media deal, announces new exec slate

Media | 04/01/2016 5:14 pm EDT

Corus Entertainment Inc. has closed its $2.65-billion acquisition of Shaw Communications Inc.’s media division and appointed a team of executive vice-presidents for the combined company....

Deirdre Brennan joins Corus Kids as VP of content

Media | 03/24/2016 6:45 pm EDT

Corus Entertainment Inc. announced Wednesday it has appointed Deirdre Brennan as the new vice-president of content for its Corus Kids division. It said in a press release that Brennan will “oversee all content aspects of...

Catalyst opposition unlikely to affect Shaw Media sale: analyst

telecom | 03/07/2016 10:24 pm EST

The pressure Catalyst Capital Group Inc. has been applying on Corus Entertainment Inc. shareholders to vote down a proposal to purchase the media division of Shaw Communications Inc. isn't likely...

CRTC denies request for public hearing on Shaw-Corus sale

Media | 02/12/2016 9:48 pm EST

The CRTC denied a request from the Canadian Media Producers Association (CMPA), along with several other parties, to have a public hearing on Shaw Communications Inc.’s sale of its media division to Corus Entertainment Inc. The association’s letter, which was posted Thursday but filed Jan. 26, requested the regulator hold a public hearing instead of a written public consultation. It said that the Shaw-Corus transaction “raises fundamental issues for the future of the Canadian broadcasting system, which must be addressed to determine whether approval...

Shaw to keep Wind’s current strategy in place: exec

telecom | 02/09/2016 9:51 pm EST

As it takes ownership of Wind Mobile, Shaw Communications Inc. will continue positioning Wind as a cheaper option compared to the big three national wireless carriers, according to the company’s chief operating officer....

CMT not required to play country music: CRTC

Media | 02/04/2016 10:10 pm EST

The CRTC has approved a request that releases Country Music Television Ltd. (CMT) from its obligation to broadcast country music videos. In a decision posted to its website on Thursday, the commission agreed with the majority of...

CRTC opens consultation on Shaw-Corus deal

Media | 01/21/2016 8:12 pm EST

The CRTC on Thursday acknowledged receipt of an application from Shaw Communications Inc. to sell its media division to Corus Entertainment Inc., and said interested parties have until Feb. 15 to file submissions on the matter....

Corus seeks cash for Shaw Media purchase

Media | 01/19/2016 9:33 pm EST

Corus Entertainment Inc. said Tuesday it intends to offer a round of "subscription receipts" as a way to raise money to partially fund its recently announced purchase of Shaw Communications Inc.'s media division....

Game of Thrones breaks viewership records: Bell

Media | 06/24/2015 5:52 pm EDT

BCE Inc.'s Bell Media division said Wednesday that the June 14 season finale of Game of Thrones on HBO Canada broke a record for the most-viewed pay- or specialty-TV broadcast of all time in this country. It said there were...

Corus gets CTV content for Ontario TV stations

Media | 05/21/2015 2:48 pm EDT

Corus Entertainment Inc. said Wednesday it has reached a deal with BCE Inc. to receive CTV programming for three TV stations in Ontario. It said in a press release CKWS-TV in Kingston, CHEX-TV in Peterborough and Channel 12 in...

Nadir Mohamed to lead venture-capital fund

Media | 04/27/2015 7:24 pm EDT

Former Rogers Communications Inc. CEO Nadir Mohamed will lead a new venture-capital fund created by the Ontario government, the office of Premier Kathleen Wynne said on Monday. Mohamed will lead a council of about 30 business...

Corus seeks more flexibility for OWN

Media | 04/24/2015 5:40 pm EDT

In the wake of the CRTC's recent changes to specialty-TV genres, Corus Entertainment Inc. has applied to change the licence conditions of the Oprah Winfrey Network (OWN), which it has the licensing rights for in Canada. In a...

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...