Corus to Seek Court Approval for Recapitalization Deal After Vote Falls Short

Corus to seek court approval of recapitalization plan after shareholder vote narrowly fails - National

Corus Entertainment, the parent company of Global News, said Friday the company intends to seek Court approval of a previously announced recapitalization plan.

Corus to seek court approval for recapitalization deal after vote falls short

Breaking News, Sports, Manitoba, Canada

Class B shareholders fail to support Corus Entertainment recapitalization plan

Corus Entertainment will still pursue court approval for its proposed recapitalization transaction, despite a vote by Class B shareholders falling short of the required numbers. The arrangement is poised to save the beleaguered media company up to $40 million in annual cash interest payments and shave its third-party debt and other liabilities by over $500 million. Voting earlier this week saw strong overall support for the arrangement, with 99.…

CORUS ENTERTAINMENT PROVIDES VOTING RESULTS AND UPDATE REGARDING PROPOSED RECAPITALIZATION TRANSACTION

For Immediate Release TORONTO, ON, January 30, 2026 – Corus Entertainment Inc. (“Corus” or the “Company”) (TSX: CJR.B) announced today the results of voting in respect of its proposed recapitalization transaction (the “Recapitalization Transaction”) contemplated pursuant to a plan of arrangement under Section 192 of the Canada Business Corporations Act (the “Arrangement”) and as described in the management information circular […]