Corus to shutter CosmoTV and IFC

TORONTO – Canadian BDUs recently began telling customers as of September 30th, both Cosmo TV and the Independent Film Channel will cease broadcasting because owner Corus Entertainment has decided to shut them down.According to Corus filings with the CRTC, the two specialty services were showing some profit, but those, along with their subscriber numbers, were shrinking, meaning they weren’t earning enough to make it worthwhile to renew their licensing deals.Cosmo TV (which licenced the Hearst Publishing Cosmopolitan magazine brand in Canada) had 2.5 million subscribers as of the end of August 2018 (the most recent figures available) and earned $6.9...