Canadian Heritage committee  Mr. Chairman, members of the committee, ladies and gentlemen, my name is John Cassaday, and I am the president and chief executive officer of Corus Entertainment. Thank you for the invitation to speak. Before I begin, I'd like to introduce the team with me today. Michael Harris

Canadian Heritage committee  We are an affiliated company. We're not a subsidiary. We're a stand-alone, independent company traded on the New York and Toronto Stock Exchanges, but we are not a subsidiary of Shaw.

Canadian Heritage committee  Yes. These companies are totally separate.

Canadian Heritage committee  Yes, to a small degree. Our strategic plan has been coined as “core and explore”. The focus of our business is on the core piece of it, but we're also exploring a lot of new initiatives. Unfortunately, because of our scale, we can't make the major efforts that the likes of News

Canadian Heritage committee  We look at a lot of deal flow on a regular basis. People always say, “Look, why didn't you guys do YouTube?” The reality of this is that for every YouTube there are 5,000 companies that fail--and it might be five million--and that have started in someone's garage. The question li

Canadian Heritage committee  We don't. We believe there certainly is a sectoral issue here. They are being fragmented, just like Henry Ford's black Ford was being fragmented by new car designs and new colours. The answer in our mind is portfolio balance. We encourage companies to invest in new digital channe

Canadian Heritage committee  Yes, we think that's the way most people would look at their portfolio. From a financial investment perspective, you might be very upset about a particular investment but would take comfort in the fact that overall you're outperforming the market. I think that's why people choose

Canadian Heritage committee  Our relationship with the CBC is very, very good. We're just dealing with a fundamental philosophical issue, and that is that they're questioning the role of non-owned, affiliated stations. We believe that as good a job as we're doing, without access to the CBC programming, we wo

Canadian Heritage committee  When we renewed to 2011, it was with a clear understanding that they hoped we wouldn't be back. It's our very, very fervent hope that we can convince them to allow us to continue to be affiliated with the CBC.