Corus Entertainment Inc. has renegotiated its credit agreement with lenders, gaining crucial financial flexibility to manage its debt load. The deal provides the Canadian broadcaster with increased operational breathing room.
Canadian media giant Corus Entertainment announces groundbreaking recapitalization strategy, converting substantial debt into shares while securing new financing to navigate evolving broadcast landscape.
Canadian media giant Corus Entertainment faces significant financial challenges with massive fourth-quarter losses and declining advertising revenue, signaling tough times for broadcast sector.