Netflix Canada Picks for July 2016
Since the quarter ended, Corus has cancelled the Global TV investigative news program "16X9" after eight seasons and has let go "The Morning Show'' co-host Liza Fromer at the end of her contract. Corus president and CEO Doug Murphy said the company is pleased with progress since the Shaw Media acquisition. "Moving forward, our focus will be on the pursuit of revenue and cost synergies, strong execution on integration and advancing our strategic priorities, which will deliver value to our shareholders over the longer term," Murphy said. Both Corus and Shaw have two classes of shares that give voting control to the Calgary-based Shaw family. Shaw Communications also acquired a significant stake on Corus when it sold the media business for $2.65 billion, including 71 million shares of Corus and $1.85 billion in cash.