Class B share
C$0.040
Unchanged • volume 123,600 • 75% of average
Market valueC$7.79M
52-week rangeC$0.03–C$0.11
Corus Job Cuts Highlight Massive Debt Deal as Toronto Stock Exchange Remains Shut
Corus Entertainment Inc. implemented further job reductions on Thursday, impacting Global BC, Global National, Toronto’s News 640, and its talk radio operations. The company did not provide details regarding the number of positions affected or projected cost savings.
Corus Entertainment • TSE:CJR.B
A 1% residual behind the layoff headlines
The balance-sheet transfer dwarfs any undisclosed payroll saving.
Last trade: August 20, 2026, 14:45:07 EDT / 20:45:07 CEST. Toronto market closed.
Ownership reset
Debt relief / equity value
64.2×
C$500M ÷ C$7.79M
Interest saving / equity
5.1×
Up to C$40M annually
Quarterly loss
C$36.5M
Fiscal Q3 • 4.7× market value
Quarterly interest
C$31.68M
4.1× current market value
Fiscal Q3 operating scorecard
RevenueC$249.36M ▼16%
TV advertising▼20%
Segment profitC$29.12M ▼53%
Adjusted EPS-C$0.15 vs -C$0.01 est.
Free cash flowAbout C$6M
Latest cuts: what is known
Affected operationsGlobal BC, Global National
Audio operationsNews 640, talk radio
Jobs removedNot disclosed
Expected savingsNot disclosed
Earlier July cuts43 union roles
Analyst map
RBC CapitalHold • C$0.15
TD SecuritiesSell • C$0.01
Average targetC$0.08
Average target is 100% above C$0.04, but coverage is thin and predates the latest cuts.
1 Hold1 Sell0 Buy
Investor checkpoint
Regulatory approval
The CRTC decision controls the ownership reset. Cost cuts may slow cash burn, but they do not change the proposed 99% creditor stake. Conditions protecting jobs or local stations could also change the savings case.
TechStock² Updates
