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Toronto Media Landscape and Personalities

Northern Light said:
Corus has already had its Can-Con obligations reduced to 5% of top line revenue.

For comparison.........when the license was issued for what was then Life Network (now slice), the obligation was 70%..

That, in fairness was extreme, but 30% would be more historically normative.

I always felt this was inadequate.

The nominal requirement for broadcasters historically was 60% Can-Con over the broadcast day, and 50% in primetime. If you wanted to deliver that, it made no real sense to me that you invest less than 50% of topline revenue.

That isn't as onerous as one might think, in the past, both news and sports were highly profitable offerings that filled a lot of that quota.

Additionally, no one should expect a scripted 60 minute Canadian drama to recover its costs domestically, that should be done the same way others do, by licensing the content around the world.

Canadian broadcasters have always been immensely lazy in this regard; though the CRTC didn't entirely help matters with a big push for independent production which would have found that more challenging and limited returns for the likes of Bell/Corus.

*****

Tacking differently here...........I don't expect the feds to do this............but it would seem an ideal moment to give CBC one-time funds to pick Corus bones clean. Pick up the desirable IP (Bryan Bauemler for example) and maybe use one cable spot that's well positioned to offer CBC lifestyle programs (cooking, home improvement etc.) as well as get the best radio assets to add additional markets CBC Radio 1/2 and launch CBC Radio 3 terrestrially in Toronto.

Radio, being commercial free would require some new operating funds, but the rest should be accretive.
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That might last until P.P. takes power as the more rancid elements of his group have vowed to reduce the CBC to zilch.
 
Jonny5 said:
... Corus ... are reportedly somehow $1 billion in debt.
www.thestar.com

Some analysts are now saying Global’s owner is headed for bankruptcy — can Corus be saved?

Corus could avoid creditor protection and there are opportunities for recovery. But it owes more than $1 billion and may have to restructure to survive, experts say.
www.thestar.com www.thestar.com
At a minimum this would end the Global TV network unless they could sell that off.
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I don't know if there's anyone who would want to buy TV and radio stations now, and if there is, they probably wouldn't be paying much.

List of assets owned by Corus Entertainment - Wikipedia

en.wikipedia.org en.wikipedia.org
 
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DSC said:
Not good news.... in G&M

Corus Entertainment Inc.
CJR-B-T -25.00%decrease

says it expects to have slashed 25 per cent of its full-time work force by the end of next month compared with the beginning of its 2023 fiscal year, as the company continues to “aggressively cut costs.”
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Wow, that's a big loss. By my count, Post Media, Metroland and CTV (Bell) have all cut their newsrooms in the last 18 months.
 
I'm ambivalent about the fate of CBC television but have a soft spot for CBC Radio. I've lived in too many places where a local repeater was the only station and the market is so small that a commercial station would never come in. Even today it remains my default station and if I'm travelling in the province - particularly the north - I will seek a repeater when I'm nearing a community.
 
Long time Toronto-based hockey radio and TV reporter Jeff Marek has been suddenly let go by Rogers Sportsnet, apparently because of something that happened at the NHL Draft.

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The draft was in Vegas this year. Apparently what happens there does not stay there.

Alternative theory is he has been poached by Amazon who have acquired from Rogers the exclusive rights to all Monday national NHL games featuring a Canadian team to stream on Amazon Prime starting this coming season.
 
Jonny5 said:
Long time Toronto-based hockey radio and TV reporter Jeff Marek has been suddenly let go by Rogers Sportsnet, apparently because of something that happened at the NHL Draft.

View attachment 583327

The draft was in Vegas this year. Apparently what happens there does not stay there.

Alternative theory is he has been poached by Amazon who have acquired from Rogers the exclusive rights to all Monday national NHL games featuring a Canadian team to stream on Amazon Prime starting this coming season.
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Very surprising news. Jeff Marek and Elliotte Friedman's 32 Thoughts podcast is the most highly regarded hockey podcast out there.
 
christiesplits said:
Very surprising news. Jeff Marek and Elliotte Friedman's 32 Thoughts podcast is the most highly regarded hockey podcast out there.
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Ya. It seems certain something happened as the last 32 Thoughts podcast was June 29 and it was Friedman by himself and Marek wasn't on it. Also they didn't do anything at all for post free agency day.
Friedman says in the intro "There is no Marek today, he went home Friday on the red eye, so you are about to see how valuable he is" which is very odd.

The draft happened over Friday and Saturday, so that Marek would leave Vegas late Friday night after only the first round and not stick around for Saturday is very odd.
But Friday was the close of the payroll period for June.
 
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