<\/p>\n
\n\t\t\n\t\t\tDescrease article font size<\/span>\n\t\t\t\t\n\t\t\n\t<\/svg>\n\t\t\t<\/button>\n\t<\/p>\n\n\t\t\n\t\t\tIncrease article font size<\/span>\n\t\t\t\t\n\t\t\n\t<\/svg>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n\nCorus Entertainment, the parent company of Global News, announced a proposed recapitalization transaction, reaching a deal with its secured lenders, restructuring the company\u2019s $1.1 billion dollars of debt. A move it says will significantly strengthening its financial position. The deal is subject to CRTC and court approval.<\/p>\n<\/p>\nAccording to a company news release, the deal includes a reduction of total debt and liabilities by more than $500 million and a slashing of annual cash interest by up to $40 million.<\/p>\n\u201cThe proposed transaction will solidify our financial foundation and position Corus for the long-term,\u201d said John Gossling, Corus Entertainment Chief Executive Officer.<\/p>\n\n\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\nGet weekly money news<\/h2>\nGet expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\u201cWith significant support from our secured lenders and bondholders, we will be well positioned to continue what we do best \u2013 creating and delivering content that entertains and informs millions of Canadians across our expansive suite of leading TV, radio and digital assets, with Global\u2019s exciting fall premiere season now underway,\u201d he said.<\/p>\n\nStory continues below advertisement<\/p>\n<\/p><\/div>\nFaced with declining advertising revenue, heightened competition from streaming services and a challenging regulatory environment, Corus has undergone a series of cost-cutting measures in recent years, including layoffs.<\/p>\n\n\n\t\tTrending Now<\/span>\n\t<\/p>\n\n\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\tSNAP benefits cut off during shutdown, driving long lines at food pantries<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\tAhead of budget, Canadians want cost of living help, not deficits: poll<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n<\/ul>\n<\/section>\nThe company says the new deal will provide the company with more flexibility and liquidity as it continues to seek cost efficiencies while exploring new opportunities in growth areas, such as digital media.<\/p>\n\u201cIn addition to right-sizing the balance sheet, we intend to continue executing our strategic plan. This includes focusing on attractive opportunities or partnerships to enhance revenue and value, including through a focus on digital services and products, as well as maintaining discipline over costs and cash management, and finding additional operational efficiencies,\u201d Mr. Gossling said.<\/p>\n\n\n\t\t\tMore on Money<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t\t© 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n
\n\t\t\n\t\t\tIncrease article font size<\/span>\n\t\t\t\t\n\t\t\n\t<\/svg>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n\nCorus Entertainment, the parent company of Global News, announced a proposed recapitalization transaction, reaching a deal with its secured lenders, restructuring the company\u2019s $1.1 billion dollars of debt. A move it says will significantly strengthening its financial position. The deal is subject to CRTC and court approval.<\/p>\n<\/p>\nAccording to a company news release, the deal includes a reduction of total debt and liabilities by more than $500 million and a slashing of annual cash interest by up to $40 million.<\/p>\n\u201cThe proposed transaction will solidify our financial foundation and position Corus for the long-term,\u201d said John Gossling, Corus Entertainment Chief Executive Officer.<\/p>\n\n\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\nGet weekly money news<\/h2>\nGet expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\u201cWith significant support from our secured lenders and bondholders, we will be well positioned to continue what we do best \u2013 creating and delivering content that entertains and informs millions of Canadians across our expansive suite of leading TV, radio and digital assets, with Global\u2019s exciting fall premiere season now underway,\u201d he said.<\/p>\n\nStory continues below advertisement<\/p>\n<\/p><\/div>\nFaced with declining advertising revenue, heightened competition from streaming services and a challenging regulatory environment, Corus has undergone a series of cost-cutting measures in recent years, including layoffs.<\/p>\n\n\n\t\tTrending Now<\/span>\n\t<\/p>\n\n\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\tSNAP benefits cut off during shutdown, driving long lines at food pantries<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\tAhead of budget, Canadians want cost of living help, not deficits: poll<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n<\/ul>\n<\/section>\nThe company says the new deal will provide the company with more flexibility and liquidity as it continues to seek cost efficiencies while exploring new opportunities in growth areas, such as digital media.<\/p>\n\u201cIn addition to right-sizing the balance sheet, we intend to continue executing our strategic plan. This includes focusing on attractive opportunities or partnerships to enhance revenue and value, including through a focus on digital services and products, as well as maintaining discipline over costs and cash management, and finding additional operational efficiencies,\u201d Mr. Gossling said.<\/p>\n\n\n\t\t\tMore on Money<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t\t© 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n
Corus Entertainment, the parent company of Global News, announced a proposed recapitalization transaction, reaching a deal with its secured lenders, restructuring the company\u2019s $1.1 billion dollars of debt. A move it says will significantly strengthening its financial position. The deal is subject to CRTC and court approval.<\/p>\n
According to a company news release, the deal includes a reduction of total debt and liabilities by more than $500 million and a slashing of annual cash interest by up to $40 million.<\/p>\n
\u201cThe proposed transaction will solidify our financial foundation and position Corus for the long-term,\u201d said John Gossling, Corus Entertainment Chief Executive Officer.<\/p>\n
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n
\u201cWith significant support from our secured lenders and bondholders, we will be well positioned to continue what we do best \u2013 creating and delivering content that entertains and informs millions of Canadians across our expansive suite of leading TV, radio and digital assets, with Global\u2019s exciting fall premiere season now underway,\u201d he said.<\/p>\n
Story continues below advertisement<\/p>\n<\/p><\/div>\n
Faced with declining advertising revenue, heightened competition from streaming services and a challenging regulatory environment, Corus has undergone a series of cost-cutting measures in recent years, including layoffs.<\/p>\n\n\n\t\tTrending Now<\/span>\n\t<\/p>\n\n\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\tSNAP benefits cut off during shutdown, driving long lines at food pantries<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\tAhead of budget, Canadians want cost of living help, not deficits: poll<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n<\/ul>\n<\/section>\nThe company says the new deal will provide the company with more flexibility and liquidity as it continues to seek cost efficiencies while exploring new opportunities in growth areas, such as digital media.<\/p>\n\u201cIn addition to right-sizing the balance sheet, we intend to continue executing our strategic plan. This includes focusing on attractive opportunities or partnerships to enhance revenue and value, including through a focus on digital services and products, as well as maintaining discipline over costs and cash management, and finding additional operational efficiencies,\u201d Mr. Gossling said.<\/p>\n\n\n\t\t\tMore on Money<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t\t© 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n
\n\t\tTrending Now<\/span>\n\t<\/p>\n\n\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\tSNAP benefits cut off during shutdown, driving long lines at food pantries<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\tAhead of budget, Canadians want cost of living help, not deficits: poll<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n<\/ul>\n<\/section>\nThe company says the new deal will provide the company with more flexibility and liquidity as it continues to seek cost efficiencies while exploring new opportunities in growth areas, such as digital media.<\/p>\n\u201cIn addition to right-sizing the balance sheet, we intend to continue executing our strategic plan. This includes focusing on attractive opportunities or partnerships to enhance revenue and value, including through a focus on digital services and products, as well as maintaining discipline over costs and cash management, and finding additional operational efficiencies,\u201d Mr. Gossling said.<\/p>\n\n\n\t\t\tMore on Money<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t\t© 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n
\n\t\t\t\t\tSNAP benefits cut off during shutdown, driving long lines at food pantries<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\n\n\t\t\t\t\tAhead of budget, Canadians want cost of living help, not deficits: poll<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n<\/ul>\n<\/section>\nThe company says the new deal will provide the company with more flexibility and liquidity as it continues to seek cost efficiencies while exploring new opportunities in growth areas, such as digital media.<\/p>\n\u201cIn addition to right-sizing the balance sheet, we intend to continue executing our strategic plan. This includes focusing on attractive opportunities or partnerships to enhance revenue and value, including through a focus on digital services and products, as well as maintaining discipline over costs and cash management, and finding additional operational efficiencies,\u201d Mr. Gossling said.<\/p>\n\n\n\t\t\tMore on Money<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t\t© 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n
\n\t\t\t\t\tAhead of budget, Canadians want cost of living help, not deficits: poll<\/span>\n\t\t\t<\/p>\n<\/p><\/div>\n<\/li>\n<\/ul>\n<\/section>\nThe company says the new deal will provide the company with more flexibility and liquidity as it continues to seek cost efficiencies while exploring new opportunities in growth areas, such as digital media.<\/p>\n\u201cIn addition to right-sizing the balance sheet, we intend to continue executing our strategic plan. This includes focusing on attractive opportunities or partnerships to enhance revenue and value, including through a focus on digital services and products, as well as maintaining discipline over costs and cash management, and finding additional operational efficiencies,\u201d Mr. Gossling said.<\/p>\n\n\n\t\t\tMore on Money<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t\t© 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n
The company says the new deal will provide the company with more flexibility and liquidity as it continues to seek cost efficiencies while exploring new opportunities in growth areas, such as digital media.<\/p>\n
\u201cIn addition to right-sizing the balance sheet, we intend to continue executing our strategic plan. This includes focusing on attractive opportunities or partnerships to enhance revenue and value, including through a focus on digital services and products, as well as maintaining discipline over costs and cash management, and finding additional operational efficiencies,\u201d Mr. Gossling said.<\/p>\n
\n\t\t\tMore on Money<\/button>\n\t\t\tMore videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\t\t© 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n
\n\t\t© 2025 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n