Friday, January 22, 2010

Corus Entertainment files shelf prospectus for up to $500 million


Corus Entertainment Inc. said Friday it has filed a preliminary short form base shelf prospectus that will allow the company to raise up to $500 million in new debt securities. The company has said it may be interested in buying some of the specialty channel assets of Canwest Global Communications Corp.), which is restructuring its business under court protection from creditors. Corus operates a broad array specialty cable channels, including YTV, Treehouse, W Network, and Cosmopolitan TV, as well as Movie Central and HBO Canada in western Canada.

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