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Media Industry News

Corus Entertainment signs amended debt deal with banks, reports $26M loss in Q4

Corus Entertainment signs amended debt deal with banks, reports $26M loss in Q4

TORONTO — Corus Entertainment Inc. has gained some breathing room. The company says it has agreed to a deal with its lenders that will buy it some time as it works to slash costs and reduce its debt.
Cineplex appeals Competition Tribunal decision on ‘drip pricing’

Cineplex appeals Competition Tribunal decision on ‘drip pricing’

TORONTO — Cineplex Inc. has launched an appeal of a record $38.9-million fine for deceptive marketing practices imposed by the Competition Tribunal.
Rogers to sell minority stake in portion of backhaul infrastructure to pay down debt

Rogers to sell minority stake in portion of backhaul infrastructure to pay down debt

TORONTO — Rogers Communications Inc. is selling a minority stake in a portion of its wireless network infrastructure for $7 billion amid a "pivot" in strategy as it seeks to pay down debt.
Metro's Moi Rewards loyalty program coming to Ontario stores

Metro's Moi Rewards loyalty program coming to Ontario stores

Metro is expanding its Moi Rewards program into Ontario later this week after rolling it out in Quebec and New Brunswick last year.
Federal and provincial governments pledge $5.5 million for Jasper tourism attraction

Federal and provincial governments pledge $5.5 million for Jasper tourism attraction

JASPER, ALTA. — The Alberta and federal governments are putting a combined $5.5 million toward attracting tourists to the Rocky Mountain town of Jasper, Alta.
Prolific editor, columnist Robert Fulford dead at 92

Prolific editor, columnist Robert Fulford dead at 92

TORONTO — Lifelong journalist, broadcaster, author and editor Robert Fulford was remembered Wednesday as a prolific writer whose vibrant intellect and insatiable curiosity inspired colleagues and younger writers alike.
Messier says 'change' is inevitable as the NHL enters streaming era on Amazon

Messier says 'change' is inevitable as the NHL enters streaming era on Amazon

TORONTO — Over his quarter century in the National Hockey League, Mark Messier witnessed sweeping technological changes to the game, from the advent of lighter hockey sticks to the use of video reviews.
Toronto takes step toward ban on misleading fossil fuel ads, following TTC move

Toronto takes step toward ban on misleading fossil fuel ads, following TTC move

TORONTO — Toronto city council has taken a step toward banning misleading fossil-fuel advertising on city property, building on federal anti-greenwashing rules and a similar proposal approved by the city's transit agency.
Spotify plans to raise prices on its monthly streaming packages in Canada

Spotify plans to raise prices on its monthly streaming packages in Canada

TORONTO — Spotify is raising its prices again in Canada. The music streaming service notified users this week that it will increase the cost of its ad-free monthly subscription packages before the end of the year.
Bryan Adams decries elements of Ottawa's online streaming rules

Bryan Adams decries elements of Ottawa's online streaming rules

Global hitmaker Bryan Adams is adding his voice to opposition over new federal regulations on streaming.