Radio & Television

Facing better than expected revenues, Corus asks to delay Cancon spending

GATINEAU – Corus has recently filed an application to the CRTC to amend its conditions of licence to be allowed to delay spending on Canadian Programming Expenditures for 2020.By condition of licence, Corus must devote 30% of the previous year’s gross revenues to the acquisition of or investment in Canadian programming. Also, by condition of licence, Corus can underspend any given year’s expectations by 5%, but that must be reinvested the following year.Better than anticipated ad and subscription revenues, however, have left the company in a bit of a financial bind, it has told the CRTC.A Corus spokesperson told Cartt.ca...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.