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Corus Entertainment Inc (CJRb.TO)

CJRb.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Corus Entertainment Q4 earnings per share view C$0.16 -- Thomson Reuters I/B/E/S
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Corus Entertainment Inc :Corus Entertainment announces fiscal 2017 fourth quarter and year end results.Q4 earnings per share C$0.14.Q4 revenue C$381.2 million versus I/B/E/S view C$389.7 million.Q4 earnings per share view C$0.16 -- Thomson Reuters I/B/E/S.Q4 adjusted earnings per share C$0.22.  Full Article

Corus Entertainment reaches agreement with Bell Media to Sell Historia and Séries+
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Corus Entertainment Inc :Corus Entertainment reaches agreement with Bell Media to sell Historia and Séries+.Corus Entertainment Inc - ‍total value of transaction is approximately $200 million​.Corus Entertainment Inc - ‍corus Entertainment will continue to own and operate Historia and Séries+ until transaction closes​.  Full Article

Corus, Discovery announce venture to produce kids content
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - Corus Entertainment Inc ::co's ‍ Nelvana, Discovery Communications form venture to produce content for kids' market in Canada, Latin America, around world​‍​.  Full Article

Corus Entertainment reports Q3 loss per share c$0.10
Wednesday, 13 Jul 2016 

Corus Entertainment Inc : Corus Entertainment announces fiscal 2016 third quarter results . Q3 loss per share c$0.10 . Q3 revenue c$360.8 million versus I/B/E/S view c$374.6 million . Q3 earnings per share view c$0.39 -- Thomson Reuters I/B/E/S .Q3 adjusted earnings per share c$0.34.  Full Article

Corus Entertainment extends partnership with Cartoon Network
Thursday, 16 Jun 2016 

Corus Entertainment Inc: Announced extended partnership with Turner's Cartoon Network in a new multi-year broadcast and merchandise deal .As exclusive merchandising agent, Nelvana will develop a wide array of licensed merchandise for Cartoon Network's properties.  Full Article

Corus Entertainment says CFO Tom Peddie retires
Wednesday, 8 Jun 2016 

Corus Entertainment Inc : Says john gossling appointed cfo . Corus is pleased to announce appointment of john gossling as executive vice president and chief financial officer . Says john gossling and tom peddie will work together through end of august 2016 .Corus entertainment announces retirement of cfo, tom peddie.  Full Article

Corus Entertainment Completes Acquisition of Shaw Media
Friday, 1 Apr 2016 

Corus Entertainment Inc:completed its previously announced $2.65 billion acquisition of Shaw Media Inc.  Full Article

Corus Entertainment Inc announces pricing of public offering and concurrent private placement of subscription receipts
Wednesday, 27 Jan 2016 

Corus Entertainment Inc:Announces pricing of public offering and concurrent private placement of subscription receipts.Entered underwriting agreement to sell 25.4 million subscription receipts at a price of $9.00 per subscription receipt.  Full Article

Corus Entertainment Inc to acquire Shaw media in a deal valued at C$2.65 billion
Wednesday, 13 Jan 2016 

Corus Entertainment Inc:To acquire Shaw media in transformational acquisition.Says deal valued at C$2.65 billion.Says acquisition expected to be immediately accretive to earnings and free cash flow per share.Says deal be paid through a combination of cash and Corus class b shares.Combination expected to generate $40-$50 million of annual cost synergies in addition to significant revenue synergies.Under terms of transaction, Corus agreed to acquire 100% of Shaw media for a total purchase price of $2.65 billion.Says rbc capital markets is providing fully committed financing in connection with the transaction.Says Corus intends to maintain its current annualized dividend of $1.14 per class b share.Corus intends to redeem 4.25% senior unsecured notes due February 2, 2020, of which $550 million principal is outstanding.Acquisition and refinancing of Corus debt will be funded with $2.3 billion of committed credit facilities, $560 million bridge financing.Sci will own approximately 39% of corus' total issued equity, including class a and b shares.Says sci has agreed to hold and not sell any of its Corus class b shares for the first 12 months following closing.Sci agreed to have 100% of Corus class b shares participate in corus' dividend reinvestment plan until at least August 31, 2017.  Full Article

UPDATE 2-Corus Entertainment misses revenue estimate, shares fall

* Shares drop nearly 5 pct (Adds analyst comment, conference call details and share move)