It does not sound like anyone will be happy on June 26th.

CRTC should reject Corus' recapitalization plan, minority shareholders say

RadioActive wrote:

The last day of school is June 25th. The last day for Corus won't be June 26th, but we'll find out on that date whether the end will be any closer. The troubled broadcaster has confirmed it will be releasing its third quarter results for 2026 at the end of the month. 

The conference call will be held at 8 AM, and available online thereafter. 

Corus has been teetering on the edge of financial ruin for some time. The first quarter of the year saw them saddled with an $11.1 million loss. Quarter two was better - the losses were down to "only" $6.1 mlllion. And just last month, the company asked the CRTC to let new owners take over in exchange for a substantial reduction of debt.

What will happen this time? Stay tuned. It may be more entertaining than anything on their TV or radio stations.

Corus Third Quarter Results Announcement 

As they say in England, this may put a spanner in the works. Quebecor is asking the CRTC to block Corus' recovery plan because they want to take over the company.

"Quebecor, a dominant media platform in its home province, has been stalking Corus for two years, but has been unable to strike a deal acceptable to the company’s lenders.

On Thursday, Quebecor chief executive officer Pierre Karl Péladeau said in an e-mail that handing Corus to its creditors would weaken the Canadian media industry and leave Bell Media parent BCE Inc,. owner of the CTV network, as the dominant player."

And the plot thickens...

Quebecor files application to block proposed debt restructuring at Corus

Here's how it was reported by The Canadian Press.

Corus Entertainment reports $36.5M Q3 loss, revenue down 26 per cent from year ago

fwiw