Company Directory - Corus Entertainment Inc.
Company Details - Corus Entertainment Inc.
Corus Entertainment Inc.
WebsiteToronto, Canada
Corus Entertainment Inc. is a Canadian media and broadcasting company that operates television channels, radio stations, and digital media platforms. The company is known for its content production and distribution as well as owning prominent assets such as Global News.
CCI Score
CCI Score: Corus Entertainment Inc.
2.92
-0.01%
Latest Event
Corus Files Regulatory Complaint Against Rogers
Corus Entertainment Inc. has taken a stand against practices it deems predatory by filing a formal complaint with Canada’s broadcasting regulator. The complaint, sent on July 26, 2024, alleges that Rogers Communications Inc. is using its dominant market position and strategic rights deals to undercut Canadian competitors, a move that threatens fair competition and contributes to an imbalanced media landscape.
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OBJECTOR
Corus Entertainment Inc. is currently rated as an Objector.
Latest Events
- JUL262024
Corus Entertainment Inc. has taken a stand against practices it deems predatory by filing a formal complaint with Canada’s broadcasting regulator. The complaint, sent on July 26, 2024, alleges that Rogers Communications Inc. is using its dominant market position and strategic rights deals to undercut Canadian competitors, a move that threatens fair competition and contributes to an imbalanced media landscape.
+70
Executive Political Engagement
March 30
By having its vice-president and general counsel file a complaint, Corus is actively engaging in executive-level political intervention to safeguard a fair competitive environment. This action supports democratic market practices and challenges dominant players whose actions could lead to authoritarian-like control in the media sector.
Rogers says Corus' business model 'broken' after being accused of 'predatory' action
+40
Regulatory Capture
March 30
The complaint underscores concerns that Rogers' dominant practices could lead to a form of regulatory capture, where power imbalances undermine fair market dynamics. Corus's move is intended to prompt regulatory intervention, help restore competitive balance, and resist exploitative market structures.
Rogers says Corus' business model 'broken' after being accused of 'predatory' action
- JUL262024
On July 26, 2024, Corus Entertainment Inc. filed a complaint with Canada’s broadcasting regulator alleging that Rogers Communications Inc. is engaging in predatory practices—using its dominant market position and exclusive rights deals—to suppress competition. The complaint calls for regulatory intervention to address the adverse impact on fair market competition and protect the public interest.
+40
Public and Political Behavior
March 30
Corus’s decision to file a complaint leverages democratic regulatory channels to challenge alleged abusive market dominance. By prompting oversight on predatory practices, the company supports fair competition and transparent regulatory intervention, aligning with public interest values.
Rogers says Corus' business model 'broken' after being accused of 'predatory' action
+25
Economic and Structural Influence
March 30
By challenging the market-dominant tactics of Rogers, Corus is addressing structural imbalances in the industry. This regulatory complaint serves as an effort to level the playing field and prevent the concentration of power that can undermine democratic and fair market practices.
Rogers says Corus' business model 'broken' after being accused of 'predatory' action
- JUL182024
Corus Entertainment, facing falling revenues and mounting debt, announced layoffs and operational changes at Global Okanagan and certain radio stations as part of an efficiency review, a move criticized by Unifor for undermining local journalism and workers' rights.
-50
Labor Relations and Human Rights Practices
March 30
The company's decision to cut jobs and restructure its news operations at Global Okanagan negatively impacts local journalism and the livelihoods of workers. The mass layoffs, driven by financial pressures, are seen as undermining labor rights and weakening community media, a move that has drawn strong criticism from the union Unifor.
- JUL152024
Corus Entertainment Inc. announced plans to cut 25% of its full-time workforce by the end of next month compared to the beginning of its 2023 fiscal year, a move that raises concerns over worker security and labor rights.
-50
Labor Relations and Human Rights Practices
March 30
The planned job cuts represent a significant reduction in the workforce, adversely affecting job security and worker welfare. From an anti-fascist, pro-worker perspective, such measures can be seen as a cost-cutting strategy that lowers the standard of labor rights and undermines community stability.
Corus Entertainment says ongoing job cuts will amount to 25% of full-time positions
- JUN012024
In the wake of controversial reporting by Global News alleging misconduct by Independent MP Han Dong, Dong filed a lawsuit against Global News and its parent company, Corus Entertainment. In June 2024, an Ontario Superior Court judge rejected Corus Entertainment's application to dismiss the lawsuit, stating that proceeding with the case was in the public interest.
- MAY132024
Corus Entertainment Inc. secured regulatory relief from the CRTC to ease its Canadian content spending requirements, allowing it to lower its mandated spending percentage and extend repayment deadlines amid financial challenges while maintaining commitments to news programming.
+20
Public and Political Behavior
March 30
By actively seeking regulatory relief to adjust stringent Canadian content spending requirements, Corus aims to preserve its operations and continue providing vital, independent news coverage. This effort helps maintain media plurality in Canada, a key element in resisting centralization that can lead to authoritarian practices.
CRTC grants Canadian content spending relief for Corus, but says other asks must wait
+10
Economic and Structural Influence
March 30
The granted relief aids Corus' economic stability during a period of revenue volatility, ensuring that it continues to provide diverse programming. Maintaining such diversity is crucial for a balanced media landscape, serving as a counterweight to potential authoritarian consolidation.
CRTC grants Canadian content spending relief for Corus, but says other asks must wait
- DEC062023
Corus Entertainment released its 2023 Sustainability Report detailing progress on its People, Planet, and Responsibility pillars, underscoring its commitment to transparency and sustainable business practices.
+80
Business Practices and Ethical Responsibility
March 30
The report demonstrates Corus Entertainment’s commitment to ethical and sustainable business practices by outlining progress on environmental, social, and governance initiatives. This transparency and focus on long‑term responsibility aligns with progressive values that oppose authoritarian disregard for people and the planet.
- JUN262023
Corus Entertainment restructured its original scripted and unscripted programming teams, resulting in layoffs of several roles. The move is part of a broader cost-cutting initiative amid falling advertising revenues and rising programming costs.
-50
Labor Relations and Human Rights Practices
March 30
The restructuring and resulting layoffs at Corus Entertainment negatively impact labor relations and workers' rights, reflecting a cost-driven strategy that undermines job security and fair treatment of employees. This approach is particularly concerning from an anti-fascist perspective that values equitable labor practices and protection for marginalized workers.
- SEP172022
Global News, operated by Corus Entertainment Inc., is pleading with the Trudeau government for further taxpayer bailouts as its news business teeters on the brink. In testimony before the Senate transport and communications committee, the executive vice president highlighted financial pressures including unsustainable cross-subsidies and regulatory burdens, emphasizing the need to support independent, fact‐based local news.
+40
Executive Political Engagement
March 30
The executive political engagement displayed by testifying before the Senate committee and directly appealing to the government to support independent news indicates a commitment to sustaining community-focused journalism. While the request for further bailouts highlights financial fragility, it also underscores the vital role of local media in a democratic society. This engagement is seen positively from an anti-authoritarian perspective as it aims to preserve fact‐based media critical for holding power to account.
Global News begs for more taxpayer bail outs as its about to buckle
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Industries
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- Motion Picture and Video Production
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- Cable and Other Subscription Programming
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- Television Broadcasting