Corus recently bought Global TV owner Shaw Media for $2.65 billion in cash and shares. Yesterday, they made a few significant cuts.
Let's start with the cancellation of 16X9. 16X9 was an award-winning Canadian newsmagazine program. We're talking investigative news at a time when fewer and fewer news outlets are employing such people. Troy Reeb, Corus Entertainment’s SVP news, radio and station operations, issued a memo lauding 16X9.
Over its eight seasons, it broke ground editorially and visually – winning countless awards and international recognition. The program, and its team, has made lasting contributions to the field of investigative journalism, and we are committed to continuing to invest in this area.