Despite decreases in revenue and profit, Corus optimistic about new CRTC and advertising horizon

TORONTO – Corus Entertainment announced today it suffered losses in revenue and profit for its fiscal first quarter due in part to advertisers shying away as a result of the pandemic and supply chain issues. But despite the concern, executives at the pure-play media company said on a conference call this morning they are optimistic about a future of stabilized advertising revenue as more of that supply moves from social media to trusted linear television products. They also expressed optimism about “regulatory change…on the horizon” as a new-look CRTC with new responsibilities means bringing wealthy competitive foreign streamers more under...