[47] In its third-quarter financial report, Corus reported a year-over-year loss of $91 million, in comparison to a profit of $133 million in 2017. A conference call with Corus senior management will take place at 10 a.m. ET/ 9 a.m. CT/ 8 a.m. MT/ 7 a.m. PT. [67] Otherwise, there was no connection or common programming between Corus's conventional and specialty television operations and those of Shaw Media. The dial-in number for the conference call is 1.888.231.8191 (toll-free North America) or 647.427.7450 (local or international). [3] The decision to spin out the properties, into what would be known as Corus Entertainment, was meant to comply with Canadian Radio-television and Telecommunications Commission (CRTC) recommendations at the time, which discouraged vertical integration by cable companies that also owned media properties. The transaction was being used to fund Shaw Communications' purchase of wireless carrier Wind Mobile. As of 2003, the CEO post had been filled by John Cassaday. The spin-out would leave Shaw as a "pure play" telecommunications company.

On April 1, 2019, Action was shut down, and was replaced by a full-time Canadian version of Adult Swim. [33] The Corus Kids division was subdivided into operations for their eight TV channels, Nelvana, and Kids Can Press.[34]. In May 2019, Shaw announced that it would sell its shares in Corus for roughly $500 million. In 2010, Corus's sister company Shaw Communications re-entered the broadcasting industry through its acquisition of the media assets of the bankrupt Canwest, which re-formed the Shaw Media division. [11], In May 2002, Corus announced that it had acquired a 50% stake in Locomotion, a Latin American and Spanish channel focusing primarily of animated series targeting teens and young adults. Bell Media made a payment of $211 million to Corus for assistance in coordinating this migration. Corus Entertainment   416.479.6107sally.tindal@corusent.com, Corus Entertainment Opens Toronto Stock Exchange to Celebrate its 15th Anniversary. Corus is dominant in Canada's children's television industry through its ownership of the domestic YTV, Teletoon and Treehouse TV networks, the animation studio Nelvana and book publisher Kids Can Press, and local versions of the Adult Swim, Cartoon Network, Disney Channel, Disney Junior, Disney XD, and Nickelodeon brands.

Many of the assets listed above are only partially owned by Shaw. Corus Entertainment Inc. est une entreprise de médias et de contenu. [65], Corus Entertainment was formed from the media assets that had been owned by Shaw Communications in the years before. In May 2019, Shaw announced it would sell its shares in Corus in a secondary offering, at a valuation of $548 million. As a result, Canadian versions of Disney Channel in English and French launched on September 1, 2015. On April 16, 2015, Corus Entertainment announced that it had reached an agreement with the Disney–ABC Television Group to acquire long-term, Canadian multi-platform rights to distribute Disney Channel's programming library and associated brands. [28][29] In July 2012, the Teletoon Canada venture (50% with Astral Media) similarly launched a Canadian version of Cartoon Network and Adult Swim. [31][32] In an unrelated deal, Corus also announced that it would acquire Shaw Media's stakes in ABC Spark, Historia, and Séries+ in exchange for cash and its minority stake in Food Network. Stock analysis for Corus Entertainment Inc (CJR/B:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Corus also stated that it planned to use the purchase to help launch a preschool-oriented cable network in the United States. [22][23] On June 25, it was reported that Corus had agreed to sell CKRS to Radio Saguenay, a local business group. Corus Entertainment Inc. (TSX: CJR.B) is a leading media and content company that develops and delivers high quality brands and content across platforms for audiences around the world.

[66] For several years, Corus managed advertising operations (such as TV listings channels) for Shaw's cable systems, although this operation has since been discontinued. [9], In March 2001, in response to complaints by the CRTC over its near-monopoly on ownership of children's specialty channels in Canada, Corus sold Family Channel to Astral Media for $126.9 million. [7][8] In October 1999, it was announced that as part of the break-up of Western International Communications (WIC), Corus would acquire the company's 12 radio stations and most of its specialty channels, including stakes in Family Channel, SuperChannel and MovieMax!. Corus would be a separate, publicly traded company, first listed on the Toronto Stock Exchange in September 1999, but would still be primarily controlled by the Shaw family. In September 1998, JR Shaw and Shaw Media CEO John Cassaday announced plans for Shaw Communications to spin-out its media properties, including radio stations and television specialty channels, into a new company. While this call is directed at analysts and investors, members of the media are welcome to listen in. © Canada Newswire, source Canada Newswire English, http://www.prnewswire.com/news-releases/corus-entertainments-fourth-quarter-and-year-end-financial-results-to-be-released-october-22-2020-301146867.html, TSX gains on upbeat wholesale estimates, Corus Entertainment boost, President, CEO & Non-Independent Director, Chief Financial Officer & Executive Vice President. Additionally, the CRTC considered Corus's "acquisition" of Shaw Media to be a reorganization of the assets of JR Shaw.[43][72]. [60], The current Chief executive officer (CEO) of the company is Doug Murphy. Doug Murphy acknowledged changes to the market climate for television, and stated that the company would have a larger focus on automated and "microtargeted" advertising sales going forward (in particular, using artificial intelligence to analyze information from set-top boxes to determine the best advertising strategies).[48][49][50].

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