Bad day for Corus Entertainment shares as dividend slashed.
The company could have reported a small profit but instead opted to take an impairment charge to reflect diminished future earnings.
"Corus chief executive Doug Murphy told analysts that the company has a long-term strategy for rebuilding its business in turbulent times, amid intense competition, changing technologies and an uncertain regulatory landscape."
http://business.financialpost.com/telecom/media/corus-entertainment-reports-third-quarter-loss-on-impairment-charge