TORONTO — It’s been a punishing 12 months for Corus Entertainment, the owner of 39 Canadian radio stations including “QR Calgary” and CILQ “Q107” in Toronto and television brands including the Global network. The publicly traded company’s share price has fallen by 91% since July 2023, while potential CRTC rule violations led the company to recently discontinue its AM/FM simulcast of CFQR in Alberta’s biggest market.
That’s just one of the myriad of woes Corus has dealt with across 2024. Now, the company has reported weak fiscal third quarter results and has issued a warning with respect to its fourth quarter revenue.
