CRTC grants Corus requested easing of financial obligations

By Ahmad Hathout The CRTC has on Monday finally decided to ease Corus’s financial obligations and delay the payback period to certain Canadian content funds, more than six months after it requested said relief. That means Corus will see its obligations to programs of national interest (PNI) reduced from 8.5 per cent of previous year’s revenues to 5 per cent and extend beyond the current licence term the repayment period of certain amounts owed to its Canadian programming expenditure (CPE) that were deferred from the pandemic. “The evidence on the record of this proceeding demonstrates that Corus is under considerable...