Bullboard - Stock Discussion Forum 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... see more

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Corus Entertainment Inc > I wonder if they will revisit this

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Post by Griz_Online on Feb 08, 2023 2:55am

I wonder if they will revisit this

Attempted sale of French-language channels[edit]

On October 17, 2017, Bell Media announced its intent to acquire Historia and Sries+ from Corus for $200 million, which would have reunited them with the former Astral Media channels Canal D, Canal Vie, Vrak, and Z. Corus stated that the two channels were not part of its "strategic priorities" at this time.^[45] On May 28, 2018, the sale was blocked and rejected by the Competition Bureau, for violating conditions imposed on Bell that prohibits the company from regaining ownership of divested Astral properties for 10 years.

^{The 10 years is up in March.}

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Comment by Puma1back on Feb 08, 2023 7:30am

great find - I didn't own stock back then but I remember the deal. I suspect a current deal would peg a lower price than 5 years ago. But $100 million plus would be nice to plug down on debt - almost 10% of the ltd.

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