TORONTO — It’s been a bruising five years on the TSX for Corus Entertainment, one of Canada’s major audio and visual entertainment companies. The company’s stock value has plummeted by 93.4%; today in 2019 shares finished at $6.49 CDN per share.
On Monday, “CJR-B” slid by a stunning 29.6% from Friday’s closing price, to just $0.3450 CDN, on exceptionally high trading volume of 4.94 million shares, pushing the company to a new low for its shares. What drove the latest dip? Come 2025, “some” Warner Bros. Discovery programming will not be renewed.
That’s because a big competitor is getting the rights.
