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 leaders and entrepreneurs tasked with managing Scale Up Ventures, a $50-million fund for startup companies that "have shown initial market success and that demonstrate strong growth potential," the premier's office said in a press release. Mohamed was replaced as Rogers' CEO by Guy Laurence in December 2013. Laurence is also on the council that will...
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 letter sent to the CRTC, Corus noted the decision announced in March by the CRTC said it had "eliminated the genre exclusivity policy" and replaced it with requirement for licensees to "provide the Commission with the name and a brief description of the service and to update this name and description any time it changes.” As a result, Corus has...
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 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...
Television and radio production house Corus Entertainment Inc. on Thursday reported a loss of $30 million in the third quarter of its fiscal year, although revenues were buoyed by its recent TV acquisitions including Teletoon....
Corus Entertainment Inc.’s fourth-quarter profits nearly halved in 2013 as the company’s radio stations in the key Toronto and Edmonton areas “underperformed” due to poor audience ratings, the company said....
The CRTC officially launched its public consultation on television services, asking the public for input into questions related to the Conservative government’s promise to unbundle television channels. “If you subscribe to cable TV or satellite TV, how satisfied are you with the way your channels are packaged?” said one of several questions put to the public by the commission in a notice Thursday, adding that the regulator received more than 200 public complaints over the...
Corus Entertainment Inc. named Colin Bohm to run its children’s programming specialty services Nelvana Studios and Nelvana Enterprises, the broadcaster said. In a release Wednesday, Corus said it appointed Bohm as vice-president of television and head of its Corus kids division. The company...
Corus Entertainment Inc. reported lower TV and radio profits in part due to a softer advertising market. According to its third-quarter financial results for the three-month period that ended May 31, 2013, reported on Thursday,...
Mario Cecchini, previously Astral Radio’s senior vice-president of sales and marketing, will join Corus Entertainment Inc. on Sept. 2. He will be responsible for the company’s Eastern Ontario radio and conventional television stations, as well as for the Quebec specialty TV and Ottawa...
Corus Entertainment Inc. appointed Chris Duncombe director of new media at Corus Radio, the company said. In a release Tuesday, Corus said Duncombe will provide “overall strategic leadership and management to Corus...
The CRTC said Shaw Communications Inc. can use digital transmitters to broadcast Global TV over-the-air signals in Red Deer, Alta. and in Kamloops and Prince George B.C. In a decision Thursday, the CRTC said it had agreed to...
The federal Competition Bureau cleared Corus Entertainment Inc.'s plan to acquire full ownership of specialty channels it jointly owns with Astral Media Inc., Corus said Monday. The purchase is related to BCE Inc.'s...
Corus Entertainment Inc. defended its Oprah Winfrey Network Canada (OWN Canada) channel before the CRTC Tuesday, saying it contributes to learning in Canada. “OWN Canada contributes far more to providing interesting content...
Corus Entertainment Inc.'s fourth-quarter television revenues fell three per cent as advertising revenues for its specialty channels rose seven per cent, the company said in a quarterly and year-end financial statement...
Corus Entertainment Inc. will be a lead investor in the expansion of Fingerprint Digital Inc.’s Fingerprint Play learning and entertainment platform, the companies said Wednesday. In a release, Fingerprint said the Fingerprint Play platform is available on Apple Inc.’s iPhone, iPod Touch and iPad devices. The platform features 14 applications with entertaining and educational content that seeks to engage parents as well as children in a gaming environment, the company said. With Corus’ investment, Fingerprint said it plans to expand the Fingerprint Play platform to Android...
A new real-time, online advertising bidding service allows Canadian broadcasters to offer unsold display space, receive bids and display the ads in a process that takes about 100 milliseconds, said...
The CRTC approved an application from Corus Entertainment Inc.'s Telelatino Network Inc. to operate specialty channel Eur-Asian Television Network Inc. The commission said Friday that Telelatino proposed that the new service...