Corus Entertainment Inc CJREF

New Press Release - CORUS ENTERTAINMENT ANNOUNCES FISCAL 2024 THIRD QUARTER RESULTS

Consolidated revenue decreased 16% for the quarter and 15% for the year-to-dateConsolidated segment profit(1) decreased 30% for the quarter and 16% for the year-to-dateConsolidated segment profit margin(1) of 20% for the quarter and 24% for the year-to-dateNet loss attributable to shareholders of...read article.

[Puma1back]

Negative book value of $1.50 now using face value of $750m or so of unsecured debt - i assume though the debt is trading at 40 cents ?  even worse is that somehow in this disaster the $130 m minority investors have lost almost nothing. Clearly when they boight from Shaw they were cheated or more likely lied to by Shaw groups.

[SunsetGrill]

Ya and it has nothing to do that they are in the buggy whip bussiness. The times they are a' chang'in (or in Corus case HAVE CHANGED). You've been here on CJR board for some time., you havent seen this coming?? You have to know when to cut bait. How long ago was the Shaw deal??? You cant blame the total demise on that (if any). Times have changed and CJR did not - Do you know anyone

[Puma1back]

correction - they were seduced by the Shaws - the minority interest is apparently attached to the Food Network but i have never seen a disclosure anywhere, including the merger documents, that identified the specific assets or their names.  the disclosure failure is directly a result of weak accounting  standards