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86-482: On November 24, 2000 Global Television Network Inc., a subsidiary of Canwest , was granted approval by the Canadian Radio-television and Telecommunications Commission (CRTC) to launch a national English-language Category 2 specialty television service called Extreme Sports , described as "featuring the best of "off-beat" sports programming that will give Canadians the opportunity to live vicariously through

172-426: A debt relief agreement, it was further reported that Quebecor had asked Corus' lenders to write down at least 60% of its debt in a restructuring that would enable a potential acquisition. However, it was reported that analysts were bullish on the proposed offer due to the instability of the television industry. On October 25, 2024, Corus reported a 21% year-over-year decrease in revenue (approximately $ 26 million) in

258-407: A 39% share of Corus stock. The division consisted primarily of the broadcasting assets of the former Canwest , including the over-the-air Global Television Network and 19 other specialty channels, such as Food Network , HGTV , Showcase , History , and Slice . The transaction was being used to fund Shaw Communications' purchase of wireless carrier Wind Mobile . Corus' CEO, Doug Murphy, described

344-994: A 50% stake in Locomotion , a Latin American Spanish-language channel focusing primarily of animated television series targeting teens and young adults. Hearst Corporation owned the other half. In 2003, Doug Murphy replaced John Cassaday as CEO. In March 2004, Corus and Astral announced that it would acquire and swap radio stations in Quebec; Corus acquired the Radiomédia network (including CKAC ) and Quebec City 's CFOM , while Astral acquired CFVM-FM Amqui , CJOI-FM and CIKI-FM Rimouski , CFZZ-FM Saint-Jean-sur-Richelieu , and CJDM-FM Drummondville . Corus also sold its Red Deer, Alberta stations CKGY-FM and CIZZ-FM to Newcap Radio . In July 2007, Corus acquired CKBT-FM and CJZZ-FM from Canwest . In June 2008, CHRC

430-451: A company which would be known as Corus Entertainment. The spin-out would leave Shaw as a "pure play" telecommunications company. The decision to spin out the properties was meant to comply with current Canadian Radio-television and Telecommunications Commission (CRTC) recommendations, which discouraged vertical integration by cable companies that also owned media properties. Corus would be a separate, publicly traded company, first listed on

516-468: A deal to buy out the Canadian partners of NetStar Communications , owner of TSN , but was stymied by U.S. partner ESPN , which had veto power over such a sale. ESPN instead came to terms with Canwest's main rival CTV , a longtime business partner of ESPN's parent company Disney , as an acceptable buyer, which the selling partners eventually agreed to. In an effort to get into the entertainment business,

602-680: A foray into conventional broadcasting. Founded by JR Shaw as Shaw Radio on August 27, 1987, it acquired two Red Deer radio stations, CIZZ-FM and CKGY-FM . Further acquisitions by Shaw during this period included CISN-FM Edmonton (1988), CHAY-FM Barrie (1990), CKDK-FM Woodstock (1991), and CFOX-FM and CKLG-AM Vancouver (1992). The company in 1995 had acquired CUC Broadcasting 's 34% stake of YTV . Shaw acquired Rogers' remaining shares of YTV in 1998. 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

688-529: A localized version of U.S. cable network ABC Family , with Shaw owning 49%. In July 2012, the Teletoon Canada venture (50% with Astral Media) similarly launched a Canadian version of Cartoon Network and Adult Swim . In March 2013, as part of Bell Media 's proposed acquisition of Astral Media , Corus reached a deal to acquire Astral's stakes in Historia , Séries+ , and TELETOON Canada Inc. , as well as

774-552: A major media powerhouse by acquiring media properties such as Western International Communications and the Southam newspaper publishing. In 2007, with Goldman Sachs , Canwest acquired the broadcasting arm of Alliance Atlantis . After years of debt, Canwest began to slowly collapse in 2008, amid the Great Recession and later entered bankruptcy protection in late 2009, which led to the sales of its publishing and broadcasting arms

860-541: A potential sale. In November 2024, Corus Radio underwent a round of layoffs across its news/talk stations, impacting on-air talent in multiple markets; a new syndicated program hosted by Ben Mulroney premiered across the stations shortly afterward. At the same time, and although not yet directly announced by the company, several TV service providers have announced that Corus' local versions of Cooking Channel and Magnolia Network would be discontinued by Corus effective 11:59:59 p.m. on December 31, 2024, effectively reducing

946-485: A pre-existing output agreement with WildBrain ). In November 2020, it was announced that BBC Canada , co-owned with BBC Studios would be shut down on December 31, 2020. Blue Ant Media would launch a spiritual successor, BBC First , in March 2021, as a replacement for their HIFI channel. In October 2021, Corus partnered with Discovery, Inc. on Canadian marketing for its Discovery+ streaming service. DIY Network

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1032-548: Is a sampling of series aired during its last year of operation: Canwest Canwest Global Communications Corporation , which operated under the corporate name Canwest , was a major Canadian media conglomerate based in Winnipeg , Manitoba , with its head offices at Canwest Place (Now called 201 Portage). It held radio , television broadcasting, and publishing assets in several countries, primarily in Canada. Canwest

1118-605: Is seeking to undo these changes, and has also claimed that CanWest's creditors should return the C$ 426 million they received from Canwest balance sheet in September, after CanWest sold its stake in Ten. On October 6, the company voluntarily filed for creditor protection under the CCAA , due to C$ 4 billion mounting debt across radio, television broadcasting and publishing assets in several countries. At

1204-659: The Bankruptcy and Insolvency Act before finally being dissolved on May 27, 2013. As of April 2009 (prior to seeking creditor protection), Canwest owned, in whole or part, a variety of Canadian media assets, including: The company had previously sold off some of the smaller newspapers it had acquired in the Southam purchase. Canwest also previously owned broadcasting operations in Australia (as majority shareholder of Network Ten ), New Zealand (through CanWest MediaWorks New Zealand ),

1290-579: The Bankruptcy and Insolvency Act , Canwest, by this point known as 2737469 Canada, Inc. , finally dissolved on May 27, 2013. Asper, through his Syngus Corp. holding company, went on to establish Anthem Media Group in 2010 and has since grew into the portfolio through the ownership of Impact Wrestling , AXS TV , Fight Network and GameTV . In April 2016, the Shaw Media assets were subsumed by Shaw's sister company Corus Entertainment . The last members of

1376-495: The Companies' Creditors Arrangements Act . Canwest Limited Partnership, a subsidiary that owns the company's other newspaper assets and online properties, is negotiating separately with creditors and is expected to file for creditor protection at a later date. Specialty channels operated in partnership with other companies (such as TVtropolis , Mystery TV , MenTV , and the former Alliance Atlantis properties) are also not included in

1462-505: The Oprah Winfrey Network would cease operating under Corus on September 1, 2024, reducing their specialty channel headcount to 32. On July 15, citing a "challenging advertising environment", Gossling stated during a third-quarter earnings report that the company planned to cut 300 more positions by the end of August (a total of 800 since September 2022) and "aggressively" cut costs. On July 17, Athena Georgaklis departed Nelvana, and

1548-850: The Ottawa radio stations CJOT-FM and CKQB-FM , for $ 400.6 million. This aspect of the deal, intended to quell concerns from the CRTC regarding Bell's total market share after the merger, was approved by the Competition Bureau on March 18, 2013. 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 Canada (quickly ended in April 2013). Corus indicated that these purchases were meant to help

1634-459: The Republic of Ireland (as a minority shareholder of TV3 ) and Turkey (as the owners of four radio stations). In 1974, a group led by Israel Asper bought the assets of Pembina, North Dakota television station KCND-TV from broadcaster Gordon McLendon , moving the station to Winnipeg as an independent station CKND-TV . Asper, through his company, Canwest, eventually bought out his partners in

1720-664: The TV Everywhere streaming of programming from the networks for their subscribers, and also features free ad-supported streaming television (FAST) content from Corus's networks. In June and July 2020, Corus reached two content agreements with subsidiaries of Comcast , including Canadian rights to original series produced for its U.S. streaming service Peacock ( NBCUniversal ) on June 23, 2020, and Canadian rights to original productions from British subsidiary Sky Studios via NBCUniversal Global Distribution (the agreements exclude DreamWorks Animation 's television subsidiary, which has

1806-578: The Toronto Stock Exchange in September 1999, but it would still be primarily controlled by the Shaw family . In September 1999, Corus acquired the broadcasting assets of the Power Corporation of Canada , which included four television stations and sixteen radio stations. One of these stations, CHAU-TV , was later re-sold to Télé Inter-Rives . In October 1999, it was announced that as part of

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1892-1021: The board of directors of the company were Derek Burney , David Drybrough, David Kerr, Leonard Asper , Izzy Asper , Lisa Pankratz, Frank McKenna , David Asper , and Gail Asper . Gail Asper, David Asper, and Lisa Pankratz resigned from the board, and from all other director and officer positions within Canwest and its subsidiaries, on February 10, 2010. Since the 2000 acquisition of the major former Canadian newspaper holdings of Conrad Black 's Hollinger International (now Sun-Times Media Group ), including Canwest News Service , opposition has been expressed by some journalists, union spokespersons, politicians, and pundits about Canwest's enforcement of its corporate editorial positions. A 2001 decision to run regular uniform national editorials in all metropolitan dailies (except National Post ), whereby local editorial boards could not take local positions on subjects of national editorials, ignited major national controversy and

1978-541: The 1990s, Global (and its antecedents) held Canadian rights to hit U.S. series such as Cheers , Friends , and Frasier . Canwest also bought broadcasting assets internationally, including outlets in New Zealand , the Republic of Ireland , and Australia , although all were eventually sold off. In 1991, Canwest issued a successful initial public offering on the Toronto Stock Exchange. In June 1996, Canwest

2064-563: The Asper family, with a total of 2.3% of the "new" Canwest. However, the Aspers are expected to invest a further C$ 15 million in the restructured entity. In January 2010, CanWest's bonds commanded about 70 cents on the dollar. CanWest's bonds at one point traded for as little as 15 cents on the dollar. Several sources say that as CanWest notes increased fivefold in price, distressed-debt funds took profits on part of their position, with Angelo Gordon among

2150-534: The Australian TV network, raising the total value Canwest can erase from its overall debt to more than C$ 1.2-billion. Before the Ten deal, Canwest held about C$ 3.8-billion of debt on its balance sheet. In court documents, Goldman Sachs alleges "fraudulent" and "abusive" changes to the internal operation of Canwest in the days before it filed for creditor protection. As part of the filing, the Wall Street investment bank

2236-825: The CRTC over its near-monopoly on ownership of children's specialty channels in Canada, Corus sold its stake in Family Channel to Astral Media for $ 126.9 million, making it a sister channel to The Movie Network and giving them full ownership. Corus also sold its stake in the Western Canadian pay-per-view service Viewers Choice to Shaw Communications for $ 22.6 million, and acquired the Women's Television Network (WTN) from Shaw (which had bought its parent, Moffat Communications , for its cablesystem assets) for $ 132.6 million. In August 2002, Corus sold CKDO and CKGE-FM to Durham Radio. In May 2002, Corus announced that it had acquired

2322-402: The Canadian advertising market" by focusing on "the value of our content, of our communities and of our people." It was also announced that Corus had renegotiated its credit agreements with RBC Capital Markets and TD Securities , increasing its maximum cash flow-to-debt ratio through March 2025. On November 1, 2024, Bloomberg News reported that Corus had hired Jefferies Group to explore

2408-508: The Canadian media and telecom industries, particularly affecting independent broadcasters like Corus". On June 10, 2024, Rogers Sports & Media announced an exclusive licensing agreement with WBD, under which the rights to all WBD lifestyle and factual brands will move to Rogers platforms beginning in 2025. In addition, the rights to Bravo original programming (which had largely been carried by Slice) would also move to Rogers in September 2024 under an agreement with NBCUniversal, resulting in

2494-792: The Settlement Agreement, received the approval of the Ontario Superior Court on June 23, 2010, the Competition Bureau as of August 13, 2010, and was given final approval from the CRTC on October 22, 2010, with Canwest delisting itself from the TSX and officially ceasing operations that same month. Final closing would officially occur in October 2011 following the official CMI Transition Order. Meanwhile, Shaw Communications reorganized Canwest into Shaw Media . After bankruptcy proceedings concluded under

2580-416: The Shaw deal and were already sold separately to Postmedia Network . However, the Asper family with Goldman and Catalyst made their own bid to retake Canwest with a $ 120 million bid in competition with the bid proposed by Shaw Communications. On February 25, 2010, it was announced that Shaw Communications had won a court battle to continue their plans to purchase assets & voting shares from Canwest. After

2666-575: The Shaw family was exploring the sale of its shares in Corus, in order to fund future expansion of the Freedom Mobile business. 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. Corus also took a $ 1.013 billion write-down on its broadcasting businesses, resulting in a quarterly loss of $ 935.9 million, and cut its dividend to 24 cents. Doug Murphy acknowledged changes to

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2752-600: The Winnipeg station. A few months later, the Asper group joined a consortium that bought CKGN-TV, a network of six simulcasting transmitters across Ontario that carried many of CKND's programs and was known on-air as the Global Television Network . Canwest bought controlling interest in Global, now using the callsign CIII-TV , in 1985, thus becoming the first western-based owner of a major Canadian broadcaster. He acquired

2838-462: The animation studio Nelvana , and children's publisher Kids Can Press . The second incarnation of Shaw's media division —formed from the properties of the bankrupt Canwest Global —was subsumed by Corus on April 1, 2016, giving it control of the over-the-air Global network and 19 additional specialty channels. In May 2019, Shaw announced that it would sell its shares in Corus for roughly $ 500 million. Shaw Communications , founded in 1966, has entered

2924-400: The announcement, Shaw revealed that its investment amounted to a minimum of $ 95-million in exchange for 20 percent of the equity and an 80 percent voting interest in the restructured company. Although Goldman, Catalyst, and the Aspers continued to work on their own bid after the Shaw agreement, Shaw announced a revised agreement, following court-ordered mediation, under which it would purchase

3010-511: 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! . In September 2000, after negotiations and rumoured offers by other studios, Corus announced that it would acquire the Toronto-based animation studio Nelvana for $ 540 million;

3096-452: The broadcasting industry through its acquisition of the media assets of the bankrupt Canwest , which re-formed the Shaw Media division. On April 30, 2010, Corus announced that it would sell its Québec radio stations, with the exception of CKRS , to Cogeco for $ 80 million, pending CRTC approval. Corus cited their low profitability in comparison to their stations elsewhere as reasoning for

3182-467: The buyers. On February 3, 2010, it was reported that a group led by Golden Tree Asset Management LP complained that "it was unfairly frozen out of the auction of Canwest Limited Partnership." As part of the transaction, Canwest and some of its subsidiaries, including Canwest Media Inc., The National Post Company , and Canwest Television LP (the licensee of Global, MovieTime , DejaView , and Fox Sports World Canada ) filed for creditor protection under

3268-405: The combined company had duplicate over-the-air coverage through multiple stations. Later that year, Canwest announced its acquisition of the Southam newspaper chain from Conrad Black , in order to pursue a media convergence strategy. Canwest was initially slow to invest in specialty channels due to the strength of its terrestrial network. In 1999, seeking to change this, the company announced

3354-506: The company expand its television holdings in the competitive Quebec market. Corus also planned to open a new office in Montreal following the sale. On January 1, 2014, the acquisition was completed. On September 1, 2013, Corus's television business was reorganized into five divisions; Corus Kids, Corus Women and Family, Corus Content Distribution and Pay TV, Corus Airtime Sales and Corus Média (for French-language assets). The Corus Kids division

3440-566: The company had bought out producer/distributor Fireworks Entertainment in 1998, and gained interest in Seven Arts Pictures , a film production company. CanWest would sell its entertainment unit in 2005. In 2005, CanWest released a new website canada.com which was a digital media platform for its digitally transformed brands. These included many local news outlets and larger "papers" as well as other media brands. The brands were represented under "canada.com Network" and included (taken from

3526-623: The company's debt was not manageable during the Great Recession , forcing Canwest into an extended set of negotiations with its lenders and a series of cost-cutting moves. The company's income statements reported net losses in 2008 and 2009, even though its operating activities were profitable (before taxes, interest, and non-operating charges: C$ 197 million in 2009, vs. C$ 428 million in 2008). In May 2009, Canwest sold off four radio stations in Turkey to Spectrum Medya. On August 31, 2009, Canwest shut down its secondary system E! (the former CH). Three of

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3612-469: The current rules for the poor financial condition of Canada's broadcast television stations, a position which has subsequently been adopted and addressed through rule changes by the CRTC and FCC. Canwest's various acquisitions took a significant financial toll. As early as 2002, most of Canwest's operating income was going to pay interest on its high-interest-rate debt. By 2007, the company's bonds were downgraded to junk status. By early 2009, it became clear

3698-413: The deal was considered to be a complement to its children's television networks (which had often acquired programming from Nelvana), including YTV , Treehouse , and its stakes in Family Channel , Teletoon , and its French counterpart Télétoon . Corus also stated that it planned to use the purchase to help launch a preschool-oriented cable network in the U.S. In March 2001, in response to complaints by

3784-527: The entirety of Canwest's broadcasting operations, including the portion owned by Goldman. This deal was later modified following a second court-ordered mediation to include a settlement agreement between Shaw, creditors, and the Official Ad Hoc Committee of Shareholders, led by the Aspers, Blott Asset Management, L.L.C. and two other hedge funds. This marked the first successful equity committee campaign in Canada under CCAA. A modified deal, including

3870-540: The existing Cartoon Network channel in Canada would be relaunched as the first Canadian version of sibling brand Boomerang . On May 25, 2023, Eastlink revealed that it was in a carriage dispute with Corus, resulting in the removal of all Corus-owned specialty channels and Global On Demand from its services on June 27, 2023. The dispute ended on June 6, 2024, with all of its channels restored to its services, albeit with subscribers required to obtain them via Corus-specific theme packs. On July 13, 2023, Corus announced

3956-479: The following year to Postmedia Network , founded by National Post CEO Paul Godfrey and Shaw Communications , which later reorganized its media division as Shaw Media . On April 1, 2016, the broadcasting assets were subsumed into Corus Entertainment , an existing broadcasting firm also owned by the Shaw family. Following the sale of assets, the company was renamed 2737469 Canada Inc. , ceased to carry on business, and commenced bankruptcy proceedings under

4042-614: The former E! owned-and-operated stations – CHCH Hamilton , CHEK Victoria , and CJNT Montreal – were sold to third parties, while a fourth, CHBC Kelowna , was converted to a Global station. The remaining station, CHCA Red Deer , was closed as of the same date. On September 24, the company announced that it would sell its 50.1% stake in Ten Network Holdings for A$ 680 million, in order to pay down its significant debt. The sale of CanWest's Australian media operations reduced some C$ 582-million in debt tied to

4128-437: The fourth fiscal quarter of 2024, and a 16% year-over-year decrease in annual consolidated earnings over 2023. Gossling cited the 2023 Hollywood labour disputes , and an oversupply of digital advertising inventory caused by the growth of competing ad-supported streaming services, and modest growth in its own streaming services. He stated that Corus planned to "[fight] back against the continued encroachment of U.S. tech giants into

4214-590: The launch of a new Bravo-branded channel . The agreements had a negative impact on Corus's share price, to the point that a TD analyst suggested that losing the rights to these brands would make the company's shares worthless. Corus stated that they would continue to operate many of the affected networks under new brands, with their existing Canadian content along with alternate imported content, but later clarified that some channels may be shut down completely instead of rebranded. On June 17, 2024, amid these uncertainties, Murphy announced that he would retire as CEO; he

4300-409: 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 analyse information from set-top boxes to determine the best advertising strategies). On March 4, 2019, it was announced that a full-time Canadian version of Adult Swim would be launched. The block

4386-490: The network was later shut down on October 1, 2023), and Z . Corus stated that the two channels were not part of its "strategic priorities" at this time. On May 28, 2018, the sale was blocked and rejected by the Competition Bureau, for violating conditions imposed on Bell that prohibits the company from regaining ownership of divested Astral properties for 10 years. On June 13, 2018, The Globe and Mail reported that

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4472-585: The networks were migrated to Bell Media's The Movie Network and TMN Encore —ending the regional monopolies that TMN and Movie Central held in eastern and western Canada respectively. Bell Media made a payment of $ 211 million to Corus for assistance in coordinating this migration. Bell also quietly announced that it would acquire Corus' stake in HBO Canada , giving them full ownership. On January 13, 2016, Corus Entertainment announced that it would acquire Shaw Media for $ 2.65 billion, with Shaw Communications taking

4558-477: The present filing. Canwest shares were also suspended from trading on the TSX . Canwest said that it was not being liquidated at this point, and the company insisted that the proceedings would make Canwest "a stronger industry competitor with a renewed financial outlook." Nevertheless, some analysts expected that the conglomerate would sell assets or be broken up entirely as the restructuring process continues, noting that

4644-430: The program guide and search tools of its Ignite TV platform. It also alleged that the CRTC had done little to enforce monitoring provisions on Rogers' dealings with independent broadcasters following the Shaw acquisition. Rogers dismissed the accusations, alleging that Corus had failed to adapt its "broken business model" to changes in viewing habits , and citing the declining viewership and Canadian content investments into

4730-458: The publishing division has a separate set of lenders. As it turned out, the company would indeed be broken up. In February 2010, the company announced an agreement with Shaw Communications whereby the latter company would buy an 80% voting interest, and 20% equity interest, in the restructured entity, pending approvals from the Canadian Radio-television and Telecommunications Commission (CRTC) and others. The company's newspapers were not part of

4816-919: The radio, publishing, and television industries. Corus is headquartered at Corus Quay in Toronto , Ontario . Corus has a large presence in Canadian broadcasting as owner of the national Global network (15 conventional stations), 37 radio stations, and a portfolio of 32 specialty television services; the company's domestic specialty brands include Showcase , SériesPlus , Slice , Télétoon , Treehouse TV , W Network , and YTV . It also operates services under brand licensing agreements with A&E Networks ( History and Lifetime ), Paramount Global ( CMT and Nickelodeon ), The Walt Disney Company ( Disney Channel and its siblings, Freeform via ABC Spark , and National Geographic units), and Warner Bros. Discovery ( Cartoon Network , Boomerang , Adult Swim , and until late 2024, lifestyle and factual networks). Corus owns

4902-410: The reason for its closing of the service, noting funds would be better directed to other channels with greater growth potential. The channel later closed on October 9 as expected. In December 2010, Leonard Asper , the former CEO of Canwest by that point after the assets were sold to Postmedia and Shaw, acquired Fight Network through his Syngus Corp. holding company via its Anthem Media Group marking

4988-534: The rebranded channels for a period until Corus' rights fully expire the following spring. Reeb stated that he considered the two channels' original productions to have historically been their main draws, and felt the new, in-house brands would provide Corus with more flexibility to "go more unique" with their programming and be "a little younger, a little fresher, a little more diverse than what people have traditionally been used to on those lifestyle services". On September 16, 2024, citing internal sources familiar with

5074-421: The remaining pieces of AAC, the distribution arm soon re-emerging as Alliance Films . Canwest executives testified in the Canadian Radio-television and Telecommunications Commission hearings over fee-for-carriage , requesting that the commission force cable and satellite companies to pay for their signals without passing the fees on to their subscribers. In his testimony, Canwest president Leonard Asper blamed

5160-822: The remaining stock in 1989. Canwest subsequently invested in or acquired other independent TV stations across Canada. Eventually, his station group became known as the "Canwest Global System." In 1997, Canwest bought a controlling interest in CKMI-TV , the privately owned CBC affiliate in Quebec City . Canwest then set up CKMI rebroadcasters in Montreal and Sherbrooke . With this move, Canwest's stations now had enough coverage of Canada that on August 18—the day CKMI officially disaffiliated from CBC—Canwest scrubbed all local brands from its stations, rebranding them as "The Global Television Network," Canada's third television network. Throughout

5246-471: The requirement that 75% of the PNI expenditures must involve independent producers. On June 6, 2024, Corus disclosed that Warner Bros. Discovery (WBD) had decided not to renew some of its brand licensing agreements with the company, which will expire at the end of 2024. While specific details had yet to be revealed, Murphy made references to it being an "unfortunate example of inequitable structural relationships in

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5332-515: The return of sports television ownership. Programming on X-Treme Sports primarily focused on extreme sports series, including men's and women's competitions, lifestyle, and reality programs. Series primarily focused on the sports within the firm definition of extreme sports, such as motocross, mountain biking, surfing, skateboarding, and snowboarding; however, other forms of extreme, adventure and thrill-seeking sports/activities included MMA , professional wrestling , and slamball . The following list

5418-571: The sale of animation software developer Toon Boom to the private equity firm TPG Inc. for $ 147.5 million to help pay down its debts. On October 27, 2023, Corus announced the suspension of its dividend and intention to redirect the use of free cash flow from dividends to debt repayment. On May 13, 2024, the CRTC approved an "exceptional" request from Corus to reduce its mandatory expenditures into programs of national interest (PNI) from 8.5% to 5% of revenue, allowing it to be reallocated to other forms of Canadian content such as local news. The measure

5504-462: The sale of these stations to Cogeco, citing the fact that it would own more stations than Astral in the Montreal market, making the competition unfair. On September 28, 2010, the company relocated its broadcasting headquarters from 64 Jefferson Avenue to the newly built Corus Quay . On November 9, 2010, Hasbro Studios signed an agreement with Corus to broadcast their productions on its networks. In March 2012, Corus and Shaw launched ABC Spark ,

5590-497: The sale. On June 25, it was reported that Corus had agreed to sell CKRS to Radio Saguenay, a local business group. The sale of the Corus Québec stations was approved by the CRTC on December 17, 2010, on the condition that Cogeco-owned CJEC-FM and Corus-owned CFEL-FM and CKOY-FM be sold to another party by December 2011. On January 13, 2011, competing broadcaster Astral Media announced that they would seek legal action to stop

5676-664: The same day, with the discontinuation of the Teletoon Retro brand: the English version assumed the intellectual property of Cartoon Network (which widened its carriage), and the French version being replaced by the aforementioned Disney La Chaîne . On November 20, 2015, Corus announced, as a result of a strategic review, it would cease operating its premium Movie Central and Encore Avenue services on March 1, 2016, in order to focus more on its national specialty channels. Subscribers to

5762-442: The same time it announced it had agreed to a recapitalization transaction with some of its lenders, which will likely require the approval of the Canadian Radio-television and Telecommunications Commission (CRTC). When completed, bondholders – led by hedge funds West Face Capital, GoldenTree Asset Management , and Beach Point Capital Management – will own a majority of shares, leaving existing shareholders, including

5848-590: The same time, Corus would also launch a separate Nickelodeon SVOD channel known as Nick+. In August 2019, it was announced that both IFC Canada and CosmoTV would cease operations on September 30, 2019. FYI would later close on December 31, 2019. In March 2020, Corus replaced the individual mobile apps for most of its specialty channels with the Global TV App , which featured content from Global, Global News , Food Network , HGTV , History , Showcase , Slice , and W Network on-launch. The app encompasses

5934-700: The services. Corus began to transition Food Network, HGTV, and Slice to alternate foreign programming sources in the 2024–25 season, with Slice pivoting to including more true crime programming and picking up a number of We TV programs, and announcing on September 18, 2024, that Food Network and HGTV would rebrand as Flavour Network and Home Network respectively on December 30. The schedules of both channels will rely primarily on new and existing Canadian productions, and new acquisitions (including content from Fifth Season , The Roku Channel , PBS , Studio Ramsay Global , and various international networks). Some repeats of Food Network and HGTV series will continue airing on

6020-405: The situation, The Globe and Mail reported that Quebecor had been pursuing an acquisition of Corus. Representatives of the company had met with Corus executive Heather Shaw earlier in the year, and Quebecor had reportedly sent an offer to the company several weeks prior, but had not yet received a response. Corus and Quebecor declined to comment. On September 29, amid an approaching deadline for

6106-751: The studio halted its development slate for the rest of the year. On August 14, Corus closed another AM station, Hamilton's CHML . On August 28, Corus announced that it would relocate CHED's call letters and programming to the former CHQT signal on October 9, 2024, citing improved signal coverage. That month, Corus filed a complaint against Rogers with the CRTC, alleging abuse of a dominant position. The company cited Rogers' undue preference of foreign streaming service Disney+ over Corus' licensed Disney Branded Television specialty services, including offering plans for its ad-supported version (whose Canadian advertising sales are handled by Rogers) bundled with television subscriptions, and giving Disney+ greater prominence on

6192-410: The transaction as being a "transformational acquisition that redefines Corus and Canada's media landscape". As the Shaw family's assets are considered a single entity for regulatory purposes by the CRTC, the CRTC officially considered the acquisition to be a reorganization of their assets, and thus exempted it from its concentration of media ownership and tangible benefits rules. The reorganization

6278-476: The ultimate high associated with such extreme pastimes as high altitude sky diving, cliff diving, white water rafting, and mountain climbing." The channel launched on September 7, 2001, as X-Treme Sports . Amid the mid-2000s financial crisis and a mounting debt load, Canwest announced in September 2008 that it would be shuttering X-Treme Sports, with an expected closing date of October 9, 2008. Through its official statement, Canwest cited low growth potential as

6364-575: The website footer): Newspapers : National Post, Calgary Herald, Edmonton Journal, The Montreal Gazette, Ottawa Citizen, Regina Leader Post, The Saskatoon Star Phoenix, The Vancouver Sun, The Vancouver Province, Victoria Times Colonist, The Windsor Star, Dose, Vancouver Island Newspaper, VANNEET Newspaper; Television : Global, CH, Prime TV, Fox Sports World Canada, Lonestar, Mystery, Xtreme Sports, Deje View, mentv, Cool TV; Radio : CoolFM 99.1, 91.5 The Beat; Marketplace : working.com, driving.ca, connecting, celebrating, remembering, homes. The website experience

6450-439: Was already one of the largest owners of Canadian local TV stations when Canwest and Goldman Sachs in 2007 announced they would jointly acquire Canadian producer and competing broadcaster Alliance Atlantis and its massive stable of wide-distribution specialty channels. Under the deal, Canwest took control of the broadcasting portion of AAC, although Goldman Sachs remained a major investor in those assets. Goldman retained or resold

6536-472: Was approved on March 23, 2016, and completed on April 1, 2016. At the same time, multiple Shaw Media executives joined Corus (including its former CEO Barbara Williams, as its new executive VP and COO), and the company adopted a new logo. On October 17, 2017, Bell Media announced its intent to acquire Historia and Séries+ from Corus for $ 200 million, which would have reunited them with former Astral Media channels, such as Canal D , Canal Vie , Vrak (although

6622-821: Was centred around news, city guides, activities and events to leverage advertising revenue. The site was designed by Cossette / Fjord out of Toronto, Canada in 2005. In October 2005, CanWest's Canadian newspapers were sold into an IPO trust. Sold 25.8% of Canada's newspapers for C$ 550 million. Attached to the Canadian newspaper IPO was $ 850 million in long-term debt. CanWest bought back the 25.8% Newspaper Trust IPO (and debt) in November 2008, for cash considerations of $ 495 million. In April 2006, Canwest acquired four radio stations in Turkey : Super FM, Metro FM, Joy FM and Joy Turk FM from The Turkish Savings and Deposit Insurance Fund for aggregate cash consideration of US$ 61 million. The company

6708-525: Was founded in 1974 by Izzy Asper through the formation of CIII-TV in Toronto under the Global Television Network . The company expanded through the 1980s and 1990s, with the initial public offering in 1991 as a publicly-traded corporation and the international expansion of its operations in Ireland , Australia , New Zealand , United Kingdom and Turkey . Throughout the years, under Leonard Asper , who became its President and CEO in 1999, Canwest grew into

6794-412: Was intended primarily to help offset the loss of news funding that occurred as a result of the sale of Shaw Communications to Rogers Communications , who reallocated Shaw's community television expenditures in metropolitan markets (previously allocated to Global stations) to its own Citytv stations. The Canadian Media Producers Association has requested an appeal, citing that Corus is non-compliant with

6880-440: Was jointly succeeded by Corus CFO Troy Reeb and executive vice president of networks and content John Gossling. That month, Corus had also begun cuts at Global News, closed the all-news/all-traffic formats at its Edmonton and Vancouver AM stations 880 CHQT and 980 CKGO (with the stations becoming interim simulcasts of their parent news/talk stations 630 CHED and 980 CKNW pending further developments), and later announced that

6966-588: Was listed on the New York Stock Exchange. Lacking a presence in Alberta , the company set its sights on Western International Communications , which owned three independent stations in that province that carried Global programming. It eventually bought that company's broadcasting assets in 2000. This not only boosted Global's coverage in western Canada but prompted the establishment of a second over-the-air service, originally known as CH , since in some areas

7052-932: Was rebranded to a Canadian version of Magnolia Network on March 28, 2022. On September 1, 2022, Nick+ was decommissioned and replaced by Teletoon+, which is primarily drawn from the Cartoon Network Studios and Warner Bros. Animation libraries. Several days prior to the Teletoon+ launch, Corus lost the rights to air several Nickelodeon shows on their networks, those shows were moved to Paramount+ moving forward. In December 2022, Corus partnered with Paramount Global on launching its FAST service Pluto TV in Canada, with Corus handling Canadian marketing, advertising sales, and contributing channels featuring content from its library and Global News. On February 21, 2023, Corus announced that Teletoon's English channel would be relaunched as Cartoon Network on March 27, 2023, and that

7138-546: Was shut down on that same day, and Action was relaunched as Adult Swim on April 1, 2019. In May 2019, Shaw announced it would sell its shares in Corus in a secondary offering , at a valuation of $ 548 million. The sale was expected to be completed by the end of the month. In June 2019, Corus was announced as a launch partner for Amazon Prime Video Channels in Canada, offering a subscription-based bundle known as StackTV with access to live and on-demand programs from five Global TV stations and eleven Corus specialty services. At

7224-583: Was sold to the ownership group of the Quebec Remparts hockey team. Also in August 2007, Corus Entertainment announced a partnership with Hearst Corporation to launch Cosmopolitan TV . In March 2008, CTVglobemedia sold Canadian Learning Television to Corus for $ 73 million Corus launched a Canadian version of Nickelodeon on November 2, 2009, replacing the localized version of Discovery Kids . In 2010, Corus's sister company Shaw Communications re-entered

7310-563: Was subdivided into operations for their eight TV channels, Nelvana, and Kids Can Press. 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. As a result, Canadian versions of Disney Channel in both languages: English and French . Launched on September 1, 2015. Further re-alignment occurred

7396-439: Was subsequently withdrawn. Conflict over Canwest editorial control and policy has focused in particular on three issues: Corus Entertainment Corus Entertainment, Inc. (often simply known as Corus ) is a Canadian mass media and television production company. The company was founded in 1987 as Shaw Radio, Ltd. as a subsidiary of Shaw Communications and was spun-off from Shaw in 1999. It has prominent holdings in

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