RE:So Ironic ….Surprising part is that just at the end of June they were touting that they could easily bandle a recession both from the Revenue side and cost production inflation as well as cash flows. It is hard to tie those frank comments with this 60 day later assessment. From the GLOBE:
"I do believe that we’ve put together a portfolio of businesses that [is] designed to be more resilient to withstand potential recessionary pressures,” Corus CEO Doug Murphy said on an earnings call with analysts.
The media and entertainment company has levers it can pull to manage its cost structure in the event of a recession, he explained, like adjusting the timing of content being aired and being more disciplined around expenses."