Several analysts slash targets on Corus Entertainment amid uncertainty over its future

has been dealt a blow by several research analysts, who have either cut their targets for the company or stopped covering it altogether.

“Top-line softness has pressured , and we do not expect Corus will be able to meet its debt covenants or repay its debt without relief/restructuring,” it said in a research note. The television and radio broadcaster has attributed an advertising slump this year in part to lingering effects from the 2023 Hollywood strikes that delayed production of key programming, along with inflationary and competitive challenges.

Co-chief executive John Gossling told analysts that on top of cost cuts related to jobs and programming that are being eliminated, Corus is also pursuing options for relief on “certain financial covenants or repayment terms” from its lenders.

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