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Corus Entertainment Inc T.CJR.B

Alternate Symbol(s):  CJREF

Corus Entertainment Inc. is a Canada-based media and content company that develops and delivers brands and content across platforms for audiences around the world. The Company's segments include Television and Radio. Its portfolio of multimedia offerings encompasses approximately 32 specialty television services, 37 radio stations, 15 conventional television stations, digital and streaming platforms, and social digital agency and media services. Its brands include Global Television, W Network, Flavour Network and Home Network (launching soon), The HISTORY Channel, Showcase, Adult Swim, National Geographic and Global News, along with streaming platforms STACKTV, TELETOON+, the Global TV App and Curiouscast. It is also the domestic advertising representative and an original content partner for Pluto TV, a Paramount Company, which is the free ad-supported streaming television service. It is an international content creator, producer and distributor through Corus Studios and Nelvana.


TSX:CJR.B - Post by User

Post by YassineNoBSon Jun 29, 2022 9:44pm
282 Views
Post# 34792550

Questions by analysts

Questions by analysts

Operator

Thank you much, sir. We will now move to Mr. Vince Valentini calling in from TD Securities. Please go ahead. Sir, your line is open.

Vince Valentini

Yes. Thanks very much. Let me start with a big picture question. So your slide shows a combination of debt repayment and returns of cash to shareholders just in the past 4 years since 2018, it's actually greater than your entire market cap is today. Does that give any pause for consideration by management or the Board to think about some sort of strategic review and perhaps the private markets would covet this incredible cash flow more than more than the public markets seem to? Or is complacent to focus on the business and eventually the share price will turn around?

Doug Murphy

I will comment on the shareholder yield. Our goal in sort of reframing the share price value creation that we believe we've provided the last number of years was to underscore the fact that we believe that our company is a promising investment that we've demonstrated through good times and bad, a resiliency that we’ve been really faithfully executing our plan. The new metrics which we rolled out seven quarters ago, up and to the right, as you can see on Page 12, I think it is, Vince, and all -- and so it's more that we have every expectation that we are going to continue to deliver a high shareholder yield, one of the highest I would offer probably you can find. And so that was -- our intention was perhaps to recharacterize our company, and all of you know this already, but we felt that it was important for us just to share that we are balancing purposefully our commitment to returning to consolidated revenue growth, which we hope will earn us a rerate on our multiple while simultaneously, embracing more and more shareholder friendly activities given our new financial flexibility. I'm not going to offer any comment on the private market versus the public market. We just believe that we are doing everything right, and we hope that at some point in time, that performance will be recognized by the capital markets.

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