Corus Entertainment deserves “immediate consideration” of its request to reduce its required spending on Canadian and public-interest shows, the Canadian Radio-television and Telecommunications Commission announced in a letter dated Oct. 19. The CRTC is giving until Nov. 3 for public comments on Corus’s request, which the letter says it’s inclined to grant. (The Logic)

Talking point: Corus has “rapidly declining profitability” and its free cash flow is down 61 per cent in a year, the company told the CRTC. (It’s also suffering from a lack of programming support from Shaw Communications since Rogers bought that company from the Shaw family, which also controls Corus.) In announcing its quarterly results Friday, Corus said its annual profit fell 25 per cent to $334 million, warned about macroeconomic factors hitting its advertising revenue and it suspended its dividend to focus on paying down debt.