logo
Corus to stop distributing Nickelodeon, four other kids' entertainment channels

Corus to stop distributing Nickelodeon, four other kids' entertainment channels

Corus Entertainment Inc. plans to wind down five kids' channels later this summer as the broadcaster continues to cope with advertising revenue challenges.
The company says in a statement it will stop distributing ABC Spark, Nickelodeon, Disney French (La Chaine Disney), Disney XD and Disney Jr. channels as of Sept. 1.
A spokesperson says the move comes after a 'comprehensive review' of Corus' portfolio of channels surrounding the 'evolving needs of our audiences and distribution partners.'
Corus says it will still operate the Disney Channel across its TV and streaming platforms.
Last month, the company said it slashed seven per cent of employee costs in its most recent quarter and was continuing to look for savings amid an advertising revenue slump.
Chief executive John Gossling told analysts that Corus anticipates TV advertising revenue to decline about 20 per cent year-over-year in the current quarter as 'geopolitical and economic uncertainty' linger.
Monday Mornings
The latest local business news and a lookahead to the coming week.
This report by The Canadian Press was first published July 11, 2025.
Companies in this story: (TSX:CJR.B)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kinross announces sale of shares of White Gold
Kinross announces sale of shares of White Gold

Toronto Star

time41 minutes ago

  • Toronto Star

Kinross announces sale of shares of White Gold

(All dollar amounts are expressed in Canadian dollars, unless otherwise noted.) TORONTO, July 25, 2025 (GLOBE NEWSWIRE) — Kinross Gold Corporation ('Kinross' or the 'Company') (TSX: K, NYSE: KGC) announced today that it has sold an aggregate of 23,681,160 common shares of White Gold Corp. ('White Gold') representing all of the common shares held by Kinross. The shares represent approximately 12% of the outstanding White Gold common shares. The shares were sold at an average sales price of $0.29 (excluding commission), representing an aggregate sale price of $6,869,905.51.

Fairfax Announces Conference Call
Fairfax Announces Conference Call

Toronto Star

timean hour ago

  • Toronto Star

Fairfax Announces Conference Call

TORONTO, July 25, 2025 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, August 1, 2025 to discuss its 2025 second quarter results, which will be announced after the close of markets on Thursday, July 31, 2025 and will be available at that time on its website at The call, consisting of a presentation by the company followed by a question period, may be accessed at 1 (800) 369-2143 (Canada and U.S.) or 1 (312) 470-0063 (International) with the passcode 'FAIRFAX'. A replay of the call will be available from shortly after the termination of the call until 5:00 p.m. Eastern Time on Friday, August 15, 2025. The replay may be accessed at 1 (800) 873-9204 (Canada and U.S.) or 1 (203) 369-3573 (International).

ECN Capital Schedules Q2-2025 Conference Call
ECN Capital Schedules Q2-2025 Conference Call

Toronto Star

timean hour ago

  • Toronto Star

ECN Capital Schedules Q2-2025 Conference Call

TORONTO, July 25, 2025 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) ('ECN Capital' or 'the Company') announced today that it intends to file its financial statements and management discussion and analysis for the three-month period ended June 30, 2025, after markets close on Thursday, August 7, 2025. The Company will host an analyst briefing to discuss these results commencing at 5:30 PM (ET) on Thursday, August 7, 2025. The call can be accessed as follows:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store