Home / Financial News / Corus revenue, earnings will more than double after Shaw Media deal

Corus revenue, earnings will more than double after Shaw Media deal

Once the deal to buy Shaw Media Inc goes through, Corus will own 45 specialty networks, 15 conventional television stations and 39 radio stations, among other properties.

Acquiring Shaw Media Inc. from Shaw Communications Inc. for $2.65 billion will a lot more than double Corus Entertainment Inc.’s revenue, free income and EBITDA.

Once the transaction has got the necessary approvals for closing, Corus will own 45 specialty networks, 15 conventional television stations and 39 r / c, among other properties. Since the deal was taken care of using new credit, the Toronto-based company could look to sell non-core assets as it shifts its attention to integrating and reducing a bulging debt load, said Adam Shine, an analyst at National Bank Financial.

Scale and synergies can help Corus retain the short-term effects from the changing way Canadians consume video content, nevertheless its latest acquisition boosts the company’s exposure to structural and regulatory headwinds that keep dragging on the media business, said analyst Tim Casey of BMO Capital Markets.

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