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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 toppgunnon Jun 17, 2023 2:15pm
269 Views
Post# 35501876

QTR results last week of June Good or bad?

QTR results last week of June Good or bad?Will there be a profit or more quarterly losses?  Corus reducing the dividend and applying to debt was a very good move in my opiinion. If the debt is positive a reduction, would like to see the remaining dividend appled to share buybacks at this price.  25 million extra for dividend would reduce the share float at least another 10 million .  A better payoff than giving a dividend and having a continual downward trend in share price.   However, is that enough for debt control or does the dividend need to be cut all togethe then appled to debt.  Corus is trying to get the debt to segment profict below 3 times.  Are they moving in a positive direction or more negativity for the QTR.  Corus will fly if they get their debt situation in control and reduced.  Corus is a gamble as either goes bankrupt or flies to 5 and above going forward.  The media space is very challenging at moment and  just need to look at Bell on recent layoffs. Facebook etc., has taken a big chunk out of advertisement.  
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