CRTC might ease Corus' Canadian content spending requirements after profit plunge

Canada's telecommunications regulator is looking to ease some Canadian content spending requirements for Corus Entertainment Inc. as the company says labour unrest in the U.S. entertainment industry and high inflation have hurt its bottom line.

An application from the company last week asked the regulator to "urgently" change some conditions for its English-language television stations and discretionary services. 

CRTC secretary-general Marc Morin replied Thursday, saying the commission is in favour of granting the company's request but will first hold a consultation on the proposals.

He said approving the relief sought "would recognize the urgency of the situation and provide short term flexibility."