Lenders Take Control of Corus Entertainment, Ending Billionaire Shaws’ Reign
Lenders are set to take over Canadian broadcaster Corus Entertainment Inc. after reaching an agreement to swap their debt for equity, ending decades of control by the billionaire Shaw family.
By Paula Sambo · Bloomberg Markets
Lenders are set to take over Canadian broadcaster Corus Entertainment Inc. after reaching an agreement to swap their debt for equity, ending decades of control by the billionaire Shaw family.