Articles Tagged ‘Doug Murphy’
Corus Entertainment strikes new amendment to debt repayment plan
The current deal also includes requirements to use any excess cash to repay outstanding balances on the debt
Corus Entertainment’s Doug Murphy exits after 21 years with the company
Troy Reeb, previously EVP of networks and content, and CFO John Gossling will be the new co-CEOs.
Corus reports 13% decline in Q2 revenues
Losses are largely attributed to lower TV advertising spending.
Strike, ad woes underscore latest Corus financials
Burdened by debt, lack of new content and a soft advertising market, Corus CEO Doug Murphy said the company is focused “on what we can control.”
Advertiser pullback brings Corus’ Q3 revenue down 8%
Despite an 8% reduction in its workforce this year, the company remains confident that it is well-positioned for when the economy improves.
Corus revenue dips by 5% in Q2 amid difficult ad market
Advertiser pullback continued to impact the company’s TV division, though it says it is on the right path for long-term profitability.
Lagging ad demand hits Corus’ Q4 earnings
However, the company was pleased with growth in its advanced buying solutions and opportunities with new digital video platforms.
Corus profit dips in Q3 despite revenue gains
President and CEO Doug Murphy told investors the company’s diverse business portfolio will help it “withstand recessionary pressures” in 2023.
Corus is still seeing boost from next-gen ad selling
Optimized advertising revenue accounted for 42% of total advertising revenue.
Tumbling ad revenue hits Corus Entertainment’s financial results
TV revenue for the most recent quarter fell 13% to $299.1 million as advertising revenue plummeted by 25%.
Doug Murphy on Peacock deal, StackTV growth and more
The Corus president and CEO said the company’s IP ownership and sales strategy has ramped up during the pandemic.
Corus revenue down 24%, radio revenues cut in half
Despite engaged audiences, solid subscription revenue and increased interest in its digital product, TV revenues dropped by 21%.
Corus cancels Upfronts, says Q4 programming unclear
The company also announced its Q2 revenues, which due to timing were essentially unaffected by the COVID-19 pandemic.
Act now: Doug Murphy on the future of Canadian media
Corus CEO and president called on the newly-appointed heritage minister to hold Liberal campaign promises to account in altering the Broadcasting Act.
TV ad revenue drives growth at Corus in Q4
“What a difference a year makes,” said CEO Doug Murphy, noting Corus’ 7% growth in its TV ad business for the year.
