CRTC proposes temporary regulatory relief for Corus

By Ahmad Hathout OTTAWA – The CRTC on Thursday is proposing to relax Corus Entertainment's regulatory obligations on an “exceptional basis,” as the pure-play media company saw a dramatic decline in its financials over the year. Corus sent an application to the regulator last Wednesday stating that high inflation, its sub-$1 share price, and its debt-to-liquid cash ratio reaching “unacceptable levels” after the content company saw a 61 per cent free cash decline over the previous year have put it in a precarious position with rapidly declining profitability. The company said it has had to halve its dividend since its...