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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

Post by toppgunnon Sep 21, 2024 3:57pm
158 Views
Post# 36234869

Never say Never

Never say NeverNever say never.  Corus current debt at about 1 BILLION and debt in 2018 at 2 BILLION.  Somehow they got rid of 1 BILLION of debt in 6 years.  3000 people working for the company with annual revenue of about 1.3 BILLION.  Company outlook is bleak but their backed against the wall currently, with massive cost reduction underway e.g., 800 jobs eliminated, cost cutting measures throughout all their divisions across the country. The banks probably be a "bit" forgiving and reasoining for ammendments as for the most part want a company to succeed barring "no chance" of paying of debt. The next couple of quarters probably the tell tale sign of their outlook of survival. 
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