Business · CA ·
CRTC approves Corus Entertainment recapitalization plan
The Globe and Mail · Business
Published · Updated
- Corus Entertainment received CRTC approval for a recapitalization plan involving ownership change and control shift on Thursday.
- The company cited high debt load and need for financial stability as reasons for the proposed deal.
- CRTC said Corus faces significant financial challenges from industry pressures and its capital structure that threaten operations.
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