I feel bad for Corus. I have had two contracts with them over the years and can honestly say they were great to work for. They treated their staff decently, nice perks, and paid well. I think the only other company that came close was CHUMCity. I wish Corus luck, they’re dealing with a lot and I would hate to see a Canadian broadcaster go under.

Corus Entertainment reports $55.9M Q2 loss, revenue down 10 per cent from year ago

"The drop came as Corus reported $251.8 million in television revenue, down from $278.1 million a year earlier, while radio revenue amounted to $18.5 million, down from $21.5 million."

I am reminded of Chubby Checker's 1962 hit 'Limbo Rock,' where he asks, "How low can you go?"

People I have known that worked for Corus had mixed feelings about the company.  A couple really liked their job and working for them, and one or two others not so much.  Hope they can survive.  Global and their specialty channels aren't bad and their radio stations in my area (other than CJOY) are decent.  I listen to both The Beat and Dave Rocks regularly. 

I wonder why we haven't heard anything about the supposed sale of the company from a few weeks back.  Maybe Quebecor or whoever backed out?  Still have hope that Pattison will scoop up some radio stations in Ontario.

67GreenRambler wrote:

With all the recent Election ad spending you would expect better revenue than this.

The results for Corus are until February 28th which is before election advertising kicked in.  The election was called around March 23rd.  The election ads are a nice boost but usually don't make or break financial results for broadcasters anymore.  Radio and newspapers haven't seen much ad activity so far.  

paterson1 wrote:

People I have known that worked for Corus had mixed feelings about the company.  A couple really liked their job and working for them, and one or two others not so much.  Hope they can survive.  Global and their specialty channels aren't bad and their radio stations in my area (other than CJOY) are decent.  I listen to both The Beat and Dave Rocks regularly. 

I wonder why we haven't heard anything about the supposed sale of the company from a few weeks back.  Maybe Quebecor or whoever backed out?  Still have hope that Pattison will scoop up some radio stations in Ontario.

From what I have heard about a potential sale is there are a lot of moving parts. Quebecor only wants TV, radio is potentially being flipped to one buyer (Stingray is who I have heard) and then because of the limits of what a company can own in a market Stingray would need to sell a station in Vancouver, Calgary, Edmonton, Toronto and Ottawa. There is also other side deals that are needing to be finalized such as the rumored sale of all of Stingrays BC and Alberta stations outside of Vancouver, Calgary and Edmonton and possibly Red Deer. All the smaller cities and towns would have the stations sold. That is where Pattison and some other companies will come into play. Vista is one, Harvard was also rumored. So there is a lot of moving parts. That is what is apparently holding up the whole deal. 

You can't 'rightsize' your way to prosperity. Talent is talent and getting rid of Kelly Cutrara, Alan Carter and Farah Nasser did them no favours. On radio (640) they have skewed so far right (nothing wrong with 'right' per se) that the tone is vitriolic. As for Global TV there is some talent but Alan and Farah's replacements have watered the wine IMO.