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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 Apr 05, 2016 1:48pm
258 Views
Post# 24732953

RE:RE:Rumour?

RE:RE:Rumour?There was an internal release only. Welcoming all along with a notice of change. President of Radio/conventional tv and 7 GMs across the country turfed. A cool $2.5 mil in bottom line savings going forward of the promised $50 mil to come in 'synergy' savings. A small but significant move nonetheless. Next up, middle management, then the soldiers. You'll hear all about 'change' and 'synergies' (code for massive cost cutting) on the April 13 conference call. Along with how great the new entity will be, the pretty new logo, etc.....all to mask how shitty the business is doing, how bad the quarter was and the rest of 2016 will be. Remember to only pay attention to organic growth going forward and not the smoke and mirrors of the combined numbers beginning in Q3 (Mar-May). $10-12 range bound...unless things get worse for them. They will however do everything they can this year to maintain the divvy. IF it gets cut later this year, look out below. This is a cash flow company. Cut costs to the bone in a negative growth business so they can pay the divvy (only thing propping up the share price) and service the debt. The cynic in me still says that Shaw will ultimately be the third media/communications giant in Canada (along with Bell and Rogers). Broadband, cell phone/communication, content (media assets) and that Shaw will buy ALL of corus within 3 years for a lot less than it got for just the shaw media assets it sold. Once they've integrated Wind mobile.
Bullboard Posts

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