TORONTO - A group of minority shareholders is urging the CRTC to reject Corus Entertainment Inc.‘s proposed recapitalization plan if the floundering broadcaster doesn’t commit to maintaining its editorial diversity and local news coverage, nor share other key details surrounding its future.
The group, which says it holds more than 10 million shares in the company, filed a formal intervention with the CRTC on Monday as the regulator reviews the proposed transaction. The commission launched a consultation into the deal last month, setting a deadline of this Thursday for parties to submit comments.
