Quebecor files application to block proposed debt restructuring at Corus
The Montreal-based media company wants to buy the Toronto-based rival
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Open this photo in gallery:Quebecor chief executive officer Pierre Karl Péladeau said in an e-mail Thursday that handing Corus to its creditors would weaken the Canadian media industry and leave Bell Media parent BCE Inc,. owner of the CTV network, as the dominant player.DARRYL DYCK/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountQuebecor Inc. is attempting to block the planned financial restructuring of Corus Entertainment Inc. by taking part in the federal government’s review of the transaction, after being repeatedly rebuffed in its attempts to acquire the TV and radio broadcaster.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.