Media Beat: July 06, 2018

By David Farrell

A visit to the CBC archives, on the eve of destruction

Film degradation and antiquated film equipment are behind a move to transfer and destroy a portion of CBC’s archives. The thought of destroying anything has a chorus of protestors clamoring for a halt, but at what cost? The Globe and Mail’s Simon Houpt sweeps away the dust storm of nay-sayers and gets to the facts, and they are worth knowing. — Subscription

Did you really buy Corus stock for the dividend­?

The fact that Corus Entertainment Inc. cut its dividend June 27 by almost a loonie shouldn’t come as a surprise to any investors in its stock.

Fool contributors Matt Litalien and Joey Frenette both alluded to the potential for a dividend cut in articles they wrote in June prior to the recent announcement, and most analysts were already calling for a reduction in its annual payout.


I’m not sure anyone could have predicted an 80% cut, but in hindsight, Corus’s business did look awfully troubled, providing plenty of warning signs. — Will Ashworth, The Motley Fool

A corus of Corus criticisms


  • Corus's management obliterated the company's longstanding dividend.

  • The company massively wrote-down goodwill on TV assets, somewhat dubiously.

  • Reduced dividend obligations mean the company will meet its long-debt targets easily next year.

  • Management is not working in the best interest of existing shareholders.

Free cash flow generation is still in place and provides room for a pivot. — Seeking Alpha

Bay Bloor Radio pulls the plug on JAZZ.FM

The long standing advertiser on JAZZ.FM91 has pulled its sponsorship dollars as the not-for-profit, listener-supported Toronto radio station continues to grapple with the fallout of a workplace investigation into allegations of bullying and sexual harassment by its former CEO and president, Ross Porter. BBR’s annual ad buy is pegged at about $70K. — Marc Bryan-Brown, The Globe & Mail

Polemicist Christie Blatchford’s CBC tirade

She works for a man who is frugal in every way save when it comes to his pay packet, and she’s known for her take-no-hostages style of news reportage. From her soapbox stand at the Financial Post she pulls no punches in venting about the national pubcaster, but one senses a degree of envy in having a newsroom that is staffed with people reporting about news events.


Courtesy Photo



Celine Dion Explains Why She Finally Went Public With Stiff Person Syndrome Diagnosis: ‘I Could Not Do This Anymore’

In an upcoming NBC prime-time special the singer says that lying to the fans who got here where she is today felt wrong.

Celine Dion suspected something was wrong with her for a a long time. But it wasn’t until she publicly shared her diagnosis with the rare neurological condition Stiff Person Syndrome in 2022 that the singer finally felt like she’d come clean about her health struggles. In the latest preview of an upcoming NBC primetime special in which Dion discusses her health issues, the Canadian powerhouse vocalist tells The Today Show‘s Hoda Kotb that she knew it was time to be more transparent.

“I could not do this anymore,” Dion says of the burden of not telling her fans and the public the secret she was carrying in the first broadcast interview since her diagnosis. “What do you want me to say? I have… what? We did not know what was going on,” the singer says. “I did not take the time. I should have stopped. Take the time to figure it out… my husband as well was fighting for his own life. I had to raise my kids. I had to hide. I had to try to be a hero. Feeling my body leaving me, holding onto my own dreams. And the lying for me was – the burden was like too much.”

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