CMF getting another $525,000 from Corus

TORONTO – After a query by the CRTC about an old tangible benefits package sent Corus Entertainment back into its files for a look-see, the company discovered a payout it never made – and so the Canadian Media Fund will soon be getting an additional $525,355.35. Back in 2009, Corus bought SexTV: The Channel (now the Cooking Channel) and Drive-In Classics (which became the now-defunct Sundance Channel) for $40 million from CTV (which had purchased the channels when it acquired CHUM Ltd. in 2007). In order to approve such ownership changes, CRTC regs require the purchaser to create a benefits...