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Corus Entertainment ( ($TSE:CJR.B) ) has issued an update.
Corus Entertainment has reported the voting results on its proposed recapitalization transaction, a plan of arrangement aimed at reducing its third-party debt and other liabilities by more than $500 million and cutting annual cash interest payments by up to $40 million. The resolution received overwhelming support from senior noteholders and Class A voting shareholders but fell short of the required two-thirds approval threshold among Class B non-voting shareholders. Despite this, the company intends to proceed by seeking court approval for the arrangement in March 2026, emphasizing that the transaction is the best available option to preserve shareholder value and maintain Corus’s position as a vital independent broadcaster in Canada, while continuing to operate business as usual for employees, partners, and other stakeholders.
The most recent analyst rating on ($TSE:CJR.B) stock is a Sell with a C$0.03 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 Underperform.
The score is driven primarily by very weak financial performance (declining revenue, large losses, negative equity, and negative recent cash flow). Technical indicators remain bearish on a longer-term basis (below key moving averages with negative MACD), and valuation provides limited support due to a negative P/E and no dividend yield data.
To see Spark’s full report on TSE:CJR.B stock, click here.
More about Corus Entertainment
Corus Entertainment Inc. is a leading independent Canadian broadcaster operating television and radio assets that serve audiences nationwide. The company focuses on delivering entertainment and information content to Canadian viewers and listeners, positioning itself as a key player in the country’s media and broadcasting industry.
Average Trading Volume: 506,335
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$6.98M
See more insights into CJR.B stock on TipRanks’ Stock Analysis page.