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An announcement from Corus Entertainment ( ($TSE:CJR.B) ) is now available.
Corus Entertainment Inc. has announced significant changes in its leadership team, appointing John Gossling as the new Chief Executive Officer. Previously serving as Co-CEO and CFO, Gossling brings over 25 years of experience in the media and communications industry. The company is transitioning back to a single CEO structure to better navigate the evolving industry landscape and stabilize its capital and debt structure. Additionally, the company has expanded the roles of several senior executives, including Jennifer Abrams and Jennifer Lee, to strengthen its focus on content, marketing, and operational functions. These changes are expected to position Corus for future opportunities and long-term growth.
The most recent analyst rating on ($TSE:CJR.B) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Corus Entertainment stock, see the TSE:CJR.B Stock Forecast page.
Spark’s Take on TSE:CJR.B Stock
According to Spark, TipRanks’ AI Analyst, TSE:CJR.B is a Neutral.
Corus Entertainment is under financial pressure with declining revenues and profitability, significantly impacting its stock score. While strategic financial adjustments and strong audience engagement offer potential positives, the current financial instability remains a critical concern.
To see Spark’s full report on TSE:CJR.B stock, click here.
More about Corus Entertainment
Corus Entertainment Inc. is a prominent media and content company that has been engaging audiences since 1999. It develops, delivers, and distributes a wide range of high-quality brands and content across multiple platforms globally. The company’s extensive portfolio includes 30 specialty television services, 36 radio stations, 15 conventional television stations, digital and streaming platforms, and social digital agency and media services. Corus is known for its premium brands such as Global Television, W Network, and The HISTORY® Channel, among others.
Average Trading Volume: 181,974
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$18.95M
See more insights into CJR.B stock on TipRanks’ Stock Analysis page.