Corus Entertainment Inc. T.CJR.B

Alternate Symbol(s): CJREF

Communication Services

Corus Entertainment Inc. is a Canada-based diversified, integrated media and content company that develops and delivers brands and content across platforms. The Company operates in two segments: Television and Radio. The Television segment is comprised of over 33 television networks, approximately 15 conventional television stations, digital media assets, a social digital agency, a social media creator network, technology and media services, and content business, which includes the production and distribution of films and television programs, merchandise licensing, and book publishing. The Radio segment is comprised of around 39 radio stations situated primarily in high-growth urban centres in English Canada, with a concentration in the densely populated area of Southern Ontario. The Company's primary method of distribution is over-the-air, analogue radio transmission, with additional delivery platforms including HD radio, websites, mobile applications and podcasts.

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Corus Entertainment Inc. > CORUS is technically in bankruptcy

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Post by BLUEBERRY5on Jun 20, 2024 12:56am

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CORUS is technically in bankruptcy

There is no way that such a company with a barely $0.15 stock can achieve a turnaround, with such a huge debtload. The following sequence of events will be lawsuits that will emerge from mainly institutional shareholders, then board members departure, then a Companies Creditors Arrangement Act filing. The Shaw family wont in my view aim at buying the company until it is declared insolvent and a liquidation process gets underway under Court supervision.

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