CRTC’s Corus relief ‘most substantive’ approach to regulation in years: Murphy

The media company has suspended its dividend By Ahmad Hathout TORONTO – Corus CEO Doug Murphy said Friday that the CRTC’s preliminary view that the media company should see relief from its regulatory obligations, at least temporarily, is a significant move because it understands the financial environment it is going through. Last week, the CRTC said it is of the view that Corus should have its spending on programs of national interest reduced to 5 per cent, instead of the regular 8.5 per cent, and to extend the deadline to pay back what it already owes the regulator from the...