Corus Entertainment 'aggressively' cutting costs, laying off more employees as revenue slumps

As revenue slumps from a "challenging advertising environment," Canadian media company Corus Entertainment Inc. — which houses brands like Global News and YTV — is "aggressively" cutting costs, continuing layoffs and shutting down parts of its business.

Corus Entertainment 'aggressively' cutting costs, laying off more employees as revenue slumps
A sign saying "corus" is seen outside of a glass building.

As revenue slumps from a "challenging advertising environment," Canadian media company Corus Entertainment Inc. — which houses brands like Global News and YTV — is "aggressively" cutting costs, continuing layoffs and shutting down parts of its business.