News Formal

Rogers says Corus's business model 'broken' after being accused of 'predatory' action

  • 📰 SooToday
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 85%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Corus Entertainment Inc. has filed a complaint with Canada's broadcasting regulator alleging Rogers Communications Inc. is 'engaging in predatory behaviour' to suppress potential competition and breaching its regulatory requirements.

Corus Entertainment Inc. has filed a complaint with Canada's broadcasting regulator alleging Rogers Communications Inc. is"engaging in predatory behaviour" to suppress potential competition and breaching its regulatory requirements.

Rogers' multi-year deal with Warner Bros. Discovery will take effect Jan. 1. It marks a significant blow to Corus, which is set to lose the Canadian rights to key brands such as HGTV, Food Network, Cooking Channel, Magnolia Network and OWN at the end of this year. "They’re trying to force service providers to carry and our customers to pay for channels they no longer want to watch," Schmidt said.On Wednesday, Corus's 900 CHML radio station in Hamilton, Ont., announced it was shuttering amid"the shift of advertising revenues to unregulated foreign platforms."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rogers says Corus' business model 'broken' after being accused of 'predatory' actionOTTAWA — Corus Entertainment Inc. has filed a complaint with Canada's broadcasting regulator alleging Rogers Communications Inc. is 'engaging in predatory...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Rogers says Corus' business model 'broken' after being accused of 'predatory' actionOTTAWA — Corus Entertainment Inc. has filed a complaint with Canada's broadcasting regulator alleging Rogers Communications Inc. is 'engaging in predatory behaviour' to suppress potential competition.
Source: SooToday - 🏆 8. / 85 Read more »

Rogers says Corus’ business model ‘broken’ after being accused of ‘predatory’ actionCorus alleges Rogers is using its ‘dominant size and scale’ to undercut Canadian competitors through rights deals to foreign programming
Source: globebusiness - 🏆 31. / 66 Read more »

Corus Entertainment faces debt problem as it warns about company’s futureToronto-based media company has until Sept. 1 to negotiate some form of debt relief with its lenders or it may no longer be able to meet its debt commitments
Source: globeandmail - 🏆 5. / 92 Read more »