The Southern Ontario/WNY Radio-TV Forum » who's buyng CJR-B?

October 24, 2018 5:34 pm

Corus Entertainment traded over three (3) million shares today; 3 or 4 times average daily trading volume

Last edited by geo (October 22, 2021 7:41 am)

RadioActive · October 24, 2018 5:38 pm

And then there's this:

COO Barbara Williams’ retirement from Corus has Global implications

RadioActive · October 24, 2018 6:19 pm

Ironically, CJRB is a radio station in Boissevain, Manitoba - and it isn't owned by Corus.

Dial Twister · November 22, 2018 5:56 pm

geo wrote:
After a spike earlier this month, price & volume have both settled back. Perhaps big players like Grilled.Cheese have cashed out

CJR.B is the least of the market's worries.

RadioActive · March 19, 2019 8:57 pm

Hate to resurrect such an ancient theme, but this popped up on the web on Tuesday.

Grilled.Cheese may get the last laugh after all...

Up 40% Over 6 Months, Could This Entertainment Stock Beat Netflix in Canada?

Dial Twister · March 20, 2019 12:53 pm

grilled.cheese wrote:
This cheese stands alone.

Right there with you.

Dial Twister · April 15, 2019 12:37 pm

Happy days are here again,
The skies above are clear again...

A 3-month look...

A 5-year look. Plenty of room for upside...

All they had to do was stop listening to Lou.

Bobbie Boogie · April 17, 2019 1:21 pm

Hate to rain on the parade. Think storm clouds brew.

Dial Twister · May 8, 2019 1:33 pm

Bobbie Boogie wrote:
Hate to rain on the parade. Think storm clouds brew.

CJR.B is up $0.64 since my last report. We're up over $8.00 now, laddies. I think I'm getting a nosebleed.

RadioAaron · May 14, 2019 5:58 pm

Bobbie Boogie wrote:
Hate to rain on the parade. Think storm clouds brew.

Oh. You weren't kidding.

Radiowiz · May 15, 2019 5:43 am

As I've said before, the stock market is a casino for the rich.

Glen Warren · May 15, 2019 8:03 am

Shaw is reported to be selling its stake in Corus. Proceeds will pay down debt in Shaw. Corus is not expected to benefit from this sale.

Dial Twister · May 15, 2019 11:58 am

Buying opportunity.

RadioActive · June 26, 2020 9:32 am

There seems to be great interest here from time to time about the fate of Corus' stock. Here's the latest bad news from the company.

One-time charges weigh on Corus Q3 results, revenue drops as advertising slows

Calhame · June 26, 2020 9:57 am

From published financials

For the nine months ended May 31, 2020, consolidated revenues of $1,192.8 million decreased 9% from $1,310.0
million in the prior year. On a consolidated basis, advertising revenues decreased 14% and subscriber revenues
decreased 1%, while merchandising, distribution and other revenues increased by 11% from the prior year.
Revenues decreased 8% in Television and 23% in Radio compared to the prior year

RADIO
The Radio segment is comprised of 39 radio stations situated primarily in urban centres in English Canada,
with a concentration in the densely populated area of Southern Ontario. Corus is one of Canada’s leading radio
operators in terms of audience reach.
FINANCIAL HIGHLIGHTS
Three months ended Nine months ended May 31, May 31,
(thousands of Canadian dollars)
2020 2019 2020 2019
Revenues 17,645 36,936 83,724 108,866
Expenses 19,421 27,168 68,896 81,131
Segment profit (loss)(1) (1,776) 9,768 14,828 27,735
Segment profit margin(1) -10% 26% 18% 25%

Last edited by Calhame (June 26, 2020 10:04 am)

Saul · June 26, 2020 11:04 am

I once heard 1220 CJRB from my North Kawarthas listening post. I've only managed that once, and that was despite CHSC still being on the air, as well as Cleveland!

RadioActive · October 22, 2020 10:08 am

The story that never dies is back.

Corus Entertainment reports Q4 profit up from year ago, revenue down

RadioActive · October 23, 2020 11:05 am

This headline from Broadcast Dialogue really tells the story:

Corus radio profits dip 54% in fiscal 2020, while demand for TV content buoyed

RadioActive · June 29, 2021 7:27 am

Welcome back my friends to the thread that never ends...

Corus Entertainment Announces Fiscal 2021 Third Quarter Results

RadioActive · October 22, 2021 6:59 am

The never-ending stock opera continues...

Corus Entertainment Announces Fiscal 2021 Fourth Quarter and Year End Results

October 22, 2021 1:03 pm

My financial advisor is Radio Wiz, who states that the stock market is a casino

Glen Warren · October 22, 2021 3:18 pm

... for the rich.

RadioActive · January 13, 2022 9:32 am

The thread that will not die returns. This time, revenue is up but profits are down.

TV and radio broadcaster Corus Entertainment reports Q1 revenue up 10% from year ago

RadioActive · July 19, 2022 12:52 pm

This ridiculous thread stretches all the way back to 2018. But now investors are giving Corus a second look - and they apparently like what they see.

(Disclaimer: Do not take any financial advice from SOWNY! If we wanted to be rich, we would not have wound up in radio!)

Corus (TSX:CJR.B): This Dividend Stock Is Dirt Cheap With a 6.7% Yield

Tomas Barlow · July 19, 2022 9:53 pm

RadioActive wrote:
This ridiculous thread stretches all the way back to 2018. But now investors are giving Corus a second look - and they apparently like what they see.

(Disclaimer: Do not take any financial advice from SOWNY! If we wanted to be rich, we would not have wound up in radio!)

Corus (TSX:CJR.B): This Dividend Stock Is Dirt Cheap With a 6.7% Yield

It's only because in an uncertain market investors like a stock that doesn't move much but offers a dividend. It has nothing to do with the stock itself, it's just guaranteed money when none of your other investments are doing anything good.

August 8, 2022 12:34 pm

Andrew Pyle of CIBC Wood Gundy, was asked on Bloomberg Market Call, today, what he thought about this common stock. Or so we thought. As he discussed the pros & cons, it became evident that he was talking about "Chorus Aviation" and not about "Corus Entertainment".

That's what can happen when one is following the program on radio & not on TV. Bummer

RadioActive · October 21, 2022 11:04 am

And the beat goes on.

Corus Entertainment takes $350M goodwill impairment charge, reports Q4 loss

What, exactly, is a "goodwill impairment" charge? I thought it was about getting arrested for being drunk at a discount charity store, but it's actually this. Not that the definition makes it that much more clear for us non-business types.

Glen Warren · October 21, 2022 11:45 am

Last week, Global (under Corus) cut 14 positions on the esteemed ET Canada show.
Relax, Cheryl Hickey is OK for now...

Corus CEO Doug Murphy has sent a "belt tightening" memo to all staff. No discretionary travel, deferral of raises and bonuses, maintain on air and production operations but no extravagant capital budget purchases... think twice about using those paper clips, please bring your own supply of pens and pencils from home, and use both sides of the toilet tissue... yada, yada, yada...

Guess that mega bucks buyout of Derringer has really hurt...

Radiowiz · October 21, 2022 12:12 pm

Whatever happened to the BELL offer to buy Corus?
Rogers would love to have Global and sell City TV to anyone willing to buy.

RadioAaron · October 21, 2022 12:32 pm

Radiowiz wrote:
Whatever happened to the BELL offer to buy Corus?

That was for Shaw, not Corus, and they backed out.

Bell would have no use for Corus without major regulatory changes.