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Corus Entertainment Inc T.CJR.B

Alternate Symbol(s):  CJREF

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.


TSX:CJR.B - Post by User

Bullboard Posts
Comment by radioguru22on Jan 26, 2016 1:34pm
161 Views
Post# 24494697

RE:RE:RE:RE:Dead Cat bounce?

RE:RE:RE:RE:Dead Cat bounce?I certainly don't feel good about being right on this but ya, I said back to $9.50 and here we are. My hope is that this is the floor for all the longs. I've been waiting to re-enter this and always said if it comes back to this level I would. However....In case no one has been paying attention, their business and their entire space is under tremendous pressure right now and will be throughout 2016. Here's the world in Corus land...jobs are being cut every week in the industry (Postmedia, Bell, Rogers all have made reductions in their media divisions), Corus will shed about 400 (10% of the combined shaw/corus workforce) when the deal closes. They have a mountain of debt. Several of their specialty stations WILL shutter once pick and pay comes into full effect. And finally, they are under tremendous downward ad revenue pressure. They WILL miss Q2 revenue numbers (ad revenue continues to slide year over year). Have we seen the bottom today? I'm not sure and not willing to bet on it. But I'm watching. I wish I could be more positive on this one but I see no positives. The scale on the specialty TV side is supposed to give them leverage on pricing...let me tell you something, the agencies will not play that game and will buy around them, especially in a down ad market.
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