TORONTO, June 17, 2024 /CNW/ – Corus Entertainment Inc. (TSX:CJR) (‘Corus’ or ‘the Company’) today announced the retirement of its long-standing President and CEO, Doug Murphy. After more than 30 years in broadcasting and media, including 21 years with Corus, Murphy has decided to take an early retirement. His career at Corus began in 2003 when he joined as Executive Vice President, Business Development. Over the years, he held progressively senior roles until his appointment as President and CEO in 2015.
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During Murphy’s tenure, he has been instrumental in transforming Corus’ television portfolio and spearheading the company’s expansion into digital media. Notable achievements under his leadership include the launch of STACKTV in 2019, the Global TV App, and Pluto TV. These innovative ventures have positioned Corus as a leader in the digital media landscape, ensuring a robust presence across multiple platforms.
Heather Shaw, Executive Chair of Corus, praised Murphy’s visionary leadership and his unwavering commitment to bringing diverse content to Canadians. ‘Under Doug’s leadership, Corus has built a diversified portfolio of powerful brands that encompass television, radio, and content assets,’ Shaw stated. ‘Doug’s passion for delivering fair and balanced news is renowned. On behalf of the Board, I thank Doug for his many years of dedication and leadership at Corus and wish him well in his new chapter.’
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As Doug Murphy retires, the Board has appointed Troy Reeb and John Gossling as Co-Chief Executive Officers, effective immediately. These appointments reflect the depth of talent within Corus’ leadership team and the confidence in the company’s direction moving forward. Reeb and Gossling bring a wealth of experience and a shared vision for the future of the company.
With Reeb and Gossling at the helm, Corus is poised to continue its trajectory of growth and innovation. Reeb, who previously served as Executive Vice President of Broadcast Networks, has been instrumental in shaping the company’s content strategy and its commitment to high-quality programming. Gossling, formerly the Executive Vice President and Chief Financial Officer, has a strong track record of driving financial performance and operational efficiency.
Corus Entertainment has long been recognized for its ability to adapt and thrive in a constantly evolving media landscape. The company’s diversified portfolio, which includes powerful television, radio, and content brands, positions it well to navigate the challenges and opportunities of the digital age. Under the new leadership of Reeb and Gossling, Corus aims to build on its success and continue delivering compelling content to audiences across Canada.
The announcement of Doug Murphy’s retirement marks the end of an era for Corus Entertainment. His legacy is one of innovation, strategic growth, and a commitment to high-quality content. The Board and the entire Corus team express their gratitude for Murphy’s many years of service and wish him the best in his future endeavors.
Looking ahead, Corus is set to embrace new opportunities and challenges under the leadership of Troy Reeb and John Gossling. Their combined expertise and vision are expected to drive the company forward, ensuring that Corus remains a leading player in the competitive media market. As the industry continues to evolve, Corus is well-positioned to adapt and thrive, delivering exceptional content and value to its audiences.
The transition in leadership comes at a time when Corus is focused on leveraging its digital platforms and exploring new avenues for growth. The company’s commitment to innovation and quality content will remain at the forefront of its strategy, guided by the experienced leadership of Reeb and Gossling. This new chapter in Corus’ journey promises to build on its strong foundation and drive continued success in the years to come.
As Corus Entertainment moves forward, its focus will be on sustaining its leadership in the media industry and capitalizing on emerging opportunities. The strong leadership team of Reeb and Gossling is poised to navigate the complexities of the media landscape, ensuring that Corus continues to deliver valuable and engaging content to its diverse audience. The company’s commitment to excellence and innovation remains unwavering, setting the stage for a bright future.
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