ILNF funding for Global will make ‘huge impact’ in tough market: Corus CEO

By Ahmad Hathout The head of Corus said Thursday that the CRTC’s recent decision to make the company’s 15 Global stations eligible for funding from the Independent Local News Fund (ILNF) will make a significant impact on its financials, as it deals with advertising uncertainty heading into the fourth quarter. It’s too soon to tell whether the roughly three-week-old decision will come in time to assist the media company going into the traditionally softer fourth quarter. But if it does, it would come at an important time for the company, as it battles a difficult advertising and high-content-cost environment. “That...