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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

Comment by YassineNoBSon Mar 22, 2023 4:56am
61 Views
Post# 35352942

RE:Corus / Big Brother TV show

RE:Corus / Big Brother TV showCould you please share this information on yahoo finance: they are not allowing me to share cash flow numbers even though I took them straight from the audited financial reports of the company. Thanks

Since 2018 Corus paid over 1.1  BILLION dollars in dividends and debt repayments.. Corus acquired Shaw Media for $2.65 billion back in 2016. The debt is now down to $1.2 billion and with the recent share buybacks there are less shares floating around. When the doom and gloom cycle ends Corus will have three levers in its favour: less debt/less interest payments, less shares available as they continue their buybacks which will translate into more cash flow especially when the general sentiment improves. Within less than 5 years the company will be almost debt free and potentially with 50% less shares floating around. Just Imagine the possibilities and I am not even talking about their partnership with Pluto TV and the expansion of their content offerings and international distribution and merchandising. Corus is not about just radio and TV, they own the best software to develop kids content, multiple production and marketing companies as well as studios.

Free cash flow generated by Corus since 2011 (amounts are in millions and reflect the fiscal year):

 

2011: 134.861

2012: 155.147

2013: 154.711

2014: 175.276

2015: 201.213

2016: 188.165

2017: 292.660

2018:349.007

2019: 309.970

2020: 296.247

2021:251.947

2022: 239.600

 

The annual revenue (in millions) generated by Corus since 2010:

 

2010: 767.53

2011: 825.21

2012: 842.28

2013: 751.54

2014: 833.02

2015: 815.32

2016: 1171.3

2017: 1679.01

2018: 1647.44

2019: 1687.5

2020: 1511.24

2021: 1543.48

2022: 1598.586 

So in 2022 revenues increased over fiscal 2021  not what the short sellers are falsely claiming.


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