Corus Shares Slip As Mixed Fiscal Q2 Report Is Revealed


Of Canada’s publicly traded media companies, Toronto-based Corus is one of the more familiar among U.S.-based radio and television broadcasters, media brokers and Wall Street investors. Its AMs and FMs include heritage brands such as CFNY-FM “The Edge” and CILQ “Q107” in Canada’s largest market, while its TV entities are comprised of the Global broadcast network and a variety of cable TV channels.

Media industry consolidation in Canada, coupled with digital dollar growth, hasn’t been kind to Corus. While President/CEO Doug Murphy was pleased with a recovery in the company’s radio business in its fiscal Q2 2022, other factors contributed to “a challenging macroeconomic environment.”

And, the Radio numbers are coming off of some rather difficult year-over-year comps.

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