I have heard there are going to be announcements regarding the future of the business. Apparently they are going to announce the future plans of 107.3 in Calgary (which is going to become Edge). There will be a lot of other changes expected to be announced. As far as I know there will be no announcements of stations being sold (yet) unless a last minute deal is reached.

Dial Twister wrote:

If each of us would buy up $1,000 of Corus stock, we could probably take over the company. 😉

Yes, given the ever decreasing market capitalization we probably could.

However, we would also have to figure out how to cover the outstanding debt structure of Corus. Numerous Notes, Loans and Debentures are going to be coming due for this company in the coming years.




 

The risk is high to invest money in Corus right now.  However the stock is really cheap, and this could be an opportunity.  Only invest what you could afford to lose.

But if circumstances change the possibilities are also great to make a decent amount of money.  

Monday could be a bad day, or it could be the start of change and better days too.  That's how markets work.

Last edited by paterson1 (July 12, 2024 7:17 pm)

cash wrote:

paterson1 wrote:

The risk is high to invest money in Corus right now.  However the stock is really cheap, and this could be an opportunity.  Only invest what you could afford to lose.

But if circumstances change the possibilities are also great to make a decent amount of money.  Corus had been pressuring the government to change the foreign ownership limits for media.  Not that a US or international partner would necessarily solve all of the companies problems, but the stock would shoot up and that would be the time to sell.  Any that have recently bought stock, good luck!

Monday could be a bad day, or it could be the start of change and better days too.  That's how markets work.

I know people who lost a fortune on Nortel using that strategy. 

People losing a fortune happens every day.  People also make big money every day using the same strategy.  Again, that's how the stock market works.  There are no guarantees.   And only invest what you can afford to lose.  If you can't afford to lose what you have invested, don't do it. 

When we all take over with our $1,000 worth of shares, I'm going to lobby to bring back Mojo Radio...

Dicky Doo wrote:

Andrew Bell is always seeking informed guests on Bloomberg, particularly "past picks" at 12:20 and "future picks" at 12:40 (noonish).     Paterson #1 would be an ideal expert market analyst



D.D.   

 Everything I said Andrew Bell and BNN viewers already know and have heard many times before. 

Capitalism. How's that workin out for-ya?

Speaking of the Slaight family, their foundation just announced a $30 million donation for research, prevention and compassionate care to seven organizations in the battle against Alzeimers and Dementia..https://tdra.utoronto.ca/news/slaight-family-foundation-funds-several-projects-based-tdra-developed-dementia-initiatives-and

brian451 wrote:

I have heard there are going to be announcements regarding the future of the business. Apparently they are going to announce the future plans of 107.3 in Calgary (which is going to become Edge). There will be a lot of other changes expected to be announced. As far as I know there will be no announcements of stations being sold (yet) unless a last minute deal is reached.

I've heard Corus is considering moving to single host morning shows at most stations.
 

Last edited by TheWiz (July 14, 2024 1:01 pm)

TheWiz wrote:

brian451 wrote:

I have heard there are going to be announcements regarding the future of the business. Apparently they are going to announce the future plans of 107.3 in Calgary (which is going to become Edge). There will be a lot of other changes expected to be announced. As far as I know there will be no announcements of stations being sold (yet) unless a last minute deal is reached.

I've heard Corus is considering moving to single host morning shows at most stations.
 

Currently:

Vancouver
Fox - 3
Rock  - 3

Edmonton
CISN - 2
Chuck - 0

Calgary
Country - 2
107.3 - Probably 0

Winnipeg
Power - 2
Country - 0

Ottawa
Boom - 1
Jump - 0

Kingston
BIG - 1
Fresh - 2

Cornwall
Boom - 1
Fresh - 1

Barrie
Big - 0
Fresh - 1

Kitchener
Dave - 3
Beat - 2

Guelph
Magic - 2
CJOY - 0

Hamilton
Fresh - 0
Y108 - 0

Peterborough
Wolf - 2
Fresh - ?

Toronto
Edge - 3
Q - 3

London
Fresh - 2
FM96 - 2
Country - 2

 

RadioAaron wrote:

TheWiz wrote:

brian451 wrote:

I have heard there are going to be announcements regarding the future of the business. Apparently they are going to announce the future plans of 107.3 in Calgary (which is going to become Edge). There will be a lot of other changes expected to be announced. As far as I know there will be no announcements of stations being sold (yet) unless a last minute deal is reached.

I've heard Corus is considering moving to single host morning shows at most stations.
 

Currently:

Vancouver
Fox - 3
Rock  - 3

Edmonton
CISN - 2
Chuck - 0

Calgary
Country - 2
107.3 - Probably 0

Winnipeg
Power - 2
Country - 0

Ottawa
Boom - 1
Jump - 0

Kingston
BIG - 1
Fresh - 2

Cornwall
Boom - 1
Fresh - 1

Barrie
Big - 0
Fresh - 1

Kitchener
Dave - 3
Beat - 2

Guelph
Magic - 2
CJOY - 0

Hamilton
Fresh - 0
Y108 - 0

Peterborough
Wolf - 2
Fresh - ?

Toronto
Edge - 3
Q - 3

London
Fresh - 2
FM96 - 2
Country - 2

 

The question mark for Fresh Radio Peterborough sounds ominous. Pete Dalliday has long been the Fresh Radio Peterborough morning host with Dani Guppy as his latest co-host. RadioAaron, do you have insider information that one or both of them were already on the outs, irregardless of any future Corus cuts?
 

Last edited by DX (July 14, 2024 10:12 pm)

RadioActive wrote:

The numbers are out and it's a case of read 'em and weep.

Find them here.

This quote from the co-CEO pretty much sums up what's coming for employees:

"We are decisively reducing more costs and taking actions to right-size our business given the realities of our operating environment...We have made difficult decisions to part with certain legacy assets and are identifying additional opportunities to streamline our business with the aim of improving profitability."

In other words, brace for impact.

Oh, and congrats to Alan Carter, now a "legacy asset." I'm sure he'll enjoy the title. 

Maybe Corus is planning for a garage sale?...   stuff like copies of John Cassiday's past budget/business plans ...  Share holder reports...  Doug Murphy's office desk and credenza...   you know...  real collector stuff....


 

They should just let all the morning show staff @ Q 107 (Toronto) & Various other morning shows go and replace them with BoB & Tom. 
Surely THAT would be a lot cheaper??  https://www.bobandtom.com/

RadioActive wrote:

The numbers are out and it's a case of read 'em and weep.

Find them here.

This quote from the co-CEO pretty much sums up what's coming for employees:

"We are decisively reducing more costs and taking actions to right-size our business given the realities of our operating environment...We have made difficult decisions to part with certain legacy assets and are identifying additional opportunities to streamline our business with the aim of improving profitability."

In other words, brace for impact.

Oh, and congrats to Alan Carter, now a "legacy asset." I'm sure he'll enjoy the title. 

One would think that Alan Carter was part of their "cost reducing" act while "parting with certain legacy assets" sounds more like channel closures, station closures or facility closures still to come. Does anyone know what they mean about legacy assets?
 

zed wrote:

I don't think people would fall into the 'legacy asset' catergory... perhapes heritage radio clusters that can be sold off to buyers that don't have competing assets in a particular market?  

Those clusters can be split up, too.