RE:WARNING: Shaw Spun Off Corus For Good Reason!Hi Estevan8: I think it has become clear that you are the master of fake news here. Corus was created in 1999 and I have cut and pasted the reasons below. Keep buying Corus at these levels. A double within a year. The old dividend investors are cycling out and new group of capital gain/cash flow investors coming in. This transition takes time.
In September 1998, JR Shaw and Shaw Media CEO John Cassaday announced plans for Shaw Communications to spin-out its media properties, including radio stations and television specialty channels, into a new company. The spin-out would leave Shaw as a "pure play" telecommunications company.[3] The decision to spin out the properties, into what would be known as Corus Entertainment, was meant to comply with Canadian Radio-television and Telecommunications Commission (CRTC) recommendations at the time which discouraged vertical integration by cable companies who also owned media properties. Corus would be a separate, publicly-traded company, first listed on the Toronto Stock Exchange in September 1999, but would still be primarily controlled by the Shaw family.[4][5]
In September 1999, Corus acquired the broadcasting assets of the Power Corporation of Canada, which included four television stations and sixteen radio stations.[6] One of these stations, CHAU-TV, was later re-sold to Tl Inter-Rives.[7][8] In October 1999, it was announced that as part of the break-up of Western International Communications (WIC), Corus would acquire the company's 12 radio stations and most of its specialty channels, including stakes in Family Channel, SuperChannel and MovieMax!.[4]