Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsTelecomQuebecor makes last push to thwart Corus debt swapA proposed debt-for-equity swap would see some Corus creditors take control of the companyAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Pierre Karl Peladeau, chief executive officer of Quebecor, during an interview in Montreal, Quebec, Canada, on April 4, 2023. Photo by Christinne Muschi/BloombergQuebecor Inc. urged Canada’s broadcasting regulator to hold a public hearing on the proposed takeover of Corus Entertainment Inc. by its lenders — arguing that a better option is to allow Quebecor to buy the heavily indebted media company.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorA proposed debt-for-equity swap would see some Corus creditors, led by Canso Investment Counsel Ltd., take control of the company, which owns Global News and an assortment of cable TV and radio properties in Canada. The plan was approved by an Ontario court and it’s now up to the regulator, the Canadian Radio-television and Telecommunications Commission, to make a final decision.Montreal-based Quebecor, a major force in the French-language media landscape in Canada, has long sought to buy Corus but has gotten nowhere.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againQuebecor chief executive Pierre Karl Péladeau said in a statement: “It is clear that Corus’s long-term viability depends on a takeover by strong players who possess expertise in the audiovisual sector as well as a long-term strategic vision — not by creditors turned shareholders whose primary focus is on short-term financial recovery, without making a genuine contribution to the cultural sector.”Like many traditional broadcasters, Corus’s business model has been under pressure from streaming services and declining interest in conventional radio and TV advertising.“Combining our production facilities would strengthen our ability to create more high-quality Canadian content,” Péladeau said. “Quebecor would also create a genuine national alternative for Canadian advertisers and clients.”With assistance from Paula Sambo Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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