Canada's Corus Entertainment has voluntarily pulled itself off the New York Stock Exchange, saying listing costs "outweigh the benefits." The company, which owns Nelvana, YTV, Treehouse and Nickelodeon Canada, will continue to trade on the Toronto Stock Exchange.
Corus will be delisted from the NYSE on or about Aug. 5.
"We believe that the costs associated with maintaining our NYSE listing outweigh the benefits for the company and our shareholders," says John Cassaday, president and chief executive officer of Corus Entertainment. "The voluntary delisting from the NYSE will have no impact on Corus' commitment to maintaining high standards of corporate governance and transparency in financial reporting."
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