Corus Entertainment

News Summary:

On September 4, 2026, Curiouscast’s podcast, *Uncharted: Crime & Mayhem In The Music Industry*, began its Canadian stage tour, *Uncharted Live*, with music historian Alan Cross, scheduling 16 stops from Victoria B.C. to Halifax N.S. Previously, on September 3, QR Calgary 770 AM launched its new programming lineup, effective September 14, following its broadcast partnership with the Calgary Flames. Earlier, on September 1, Morningstar DBRS discontinued and withdrew the Issuer Rating and Senior Unsecured Notes credit rating on Corus Entertainment Inc., an action that followed its previous downgrade of these ratings to Selective Default and Default after the company announced a recapitalization transaction on November 3, 2025. This follows Corus Entertainment securing a third amendment to its waiver and standstill agreement with lenders under its Eighth Amended and Restated Credit Facility on August 31, extending the waiver term from September 1, 2026, to October 31, 2026. On August 20, the company confirmed another wave of job cuts affecting positions at Global B.C., Global National News, 640 in Toronto, and talk radio operations. This marked the second major round of reductions in a month, following 43 unionized job losses in July, amidst severe financial pressure, including a Q3 2026 revenue decrease of 16% and a net loss of $36.5 million attributable to shareholders.