The Globe posted the below today. So while Corus looses it's most valuable channel group to a buyer that has a huge Shaw family holding block, they continue to pay Heather Shaw well over $600,000 bucks a year to watch over the family destruction of Corus.
where do they turn to cut costs - News Department.
i guess it is one more reason to steer clear of family controlled companies run by a completely uninterested and apparently incompetent offspring.
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The Globe and Mail reports in its Thursday, June 13, edition that Corus Entertainment is reducing staff in its Global News division. The Globe's Pippa Norman writes that the decision follows news that Corus could lose programming next year due to a deal between Warner Bros. Discovery and Rogers Communications, which will grant Rogers the rights to content, including HGTV and Food Network. Corus spokesman Anna Arnone stated: "As part of our ongoing business evaluation and efficiency review, we have made changes at Global News today, resulting in some job impacts. These changes are a response to the current economic and regulatory environment that we and other media organizations are facing." Corus shares have declined significantly in recent years, dropping to 24 cents in Toronto, down from levels