Corus shares may be worth 'zero' after Rogers-Warner deal, TD says [Financial Post (Toronto, Ontario, Canada)]
Rogers Communication, Inc. (RCI)
Last rogers communication, inc. earnings: 4/22 07:00 am
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Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. Shares of Canadian media company Corus Entertainment Inc. may be worth zero if Rogers Communications Inc. is successful in snatching away programming and trademark deals for channels owned by Warner Bros Discovery Inc., according to analysts at TD Cowen. Corus, an independent television and radio company that's controlled by the Shaw family of Alberta, is at risk of losing the Canadian rights to programming on five key channels, including HGTV and the Food Network. Rogers said Monday it signed an agreement with Warner to become the rights holder to those TV brands, starting in January. Article content If Rogers succeeds in taking over the specialty cable channels “with no compensation for Corus, then our forecasts will be seriously impacted and the equity value of CJR.B shares will likely be zero,” TD analyst Vince Valentini wrote in a report to clients. The channels are vital to Cor
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