TORONTO — Television segment revenue was down by 19% as profits fell by 35%, year-over-year. The Radio unit, perhaps thanks to expense reductions, saw income rise by 38% despite a 4% dip in revenue.
Those fiscal Q1 2026 results were in line with Corus Entertainment executives, as CEO John Gossling expressed pleasure with the fiscally fragile company’s “significant progress” linked to its proposed recapitalization transaction — a plan that will save cash while stripping the company of more than a half-billion Canadian dollars in debt and liabilities.
