Analysts say Corus-Bell deal positive, but for different reasons

TORONTO – Bell Media’s move to lock up HBO content and squeeze Corus out of the pay-TV market in Canada is being described as a win-win for both companies by at least two industry analysts.In a note to clients early Friday morning, Canaccord Genuity’s Aravinda Galappatthige described the move as positive for Corus, as it exits what he labelled a “declining business”.“We have always had a negative view of the PayTV business, which was showing significant stress with heightened competition from OTT platforms like Netflix”, he wrote. “We also worried about the upcoming expiry of the HBO license in 2017/2018....