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Corus receives CRTC approval to go ahead with recapitalization transaction
- On Sept 18, 2026, the CRTC granted regulatory approval for a recapitalization plan that shifts effective control of licensed programming services operated by Corus Entertainment Inc.
- Corus, a Struggling media company, pursued this recapitalization to address its high debt load and improve financial stability so the company can continue to operate.
- Under the proposal, lenders will forgive approximately $500 million in debt in exchange for 99 per cent ownership of NewCo, while Existing Corus shareholders retain one per cent.
- After a shareholder vote failed to pass earlier this year, the company sought approval from the Ontario Superior Court of Justice to proceed with the recapitalization transaction.
- The company expects the transaction to close in the coming weeks, with business continuing as normal and no anticipated effect on obligations to clients, producers, or employees.
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22 Articles
22 Articles
Corus must ‘take some risks’ after recapitalization approval grants lifeline: expert
Despite the company receiving a reprieve from Canada's broadcasting regulator, critics say Corus Entertainment Inc.'s new owners will need to invest in differentiated content if they are to turn around its financial situation.
·Hamilton, Canada
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Winnipeg Free Press+2 Reposted by 2 other sources
Corus must 'take some risks' after recapitalization approval grants lifeline: expert
Despite the company receiving a reprieve from Canada's broadcasting regulator, critics say Corus Entertainment Inc.'s new owners will need to invest in differentiated content in order to turn around its financial situation.
·Winnipeg, Canada
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The recapitalization plan received the CRTC's green light on Thursday.
·Montreal, Canada
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Total News Sources22
Leaning Left8Leaning Right0Center6Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
Factuality
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