The Investment Reporter, in its Sept. 23, 2022, issue, says hold Corus Entertainment Inc., recently $2.42. The Reporter said buy 15 times from Jan. 4, 2008, to Jan. 28, 2022, at prices ranging from $2.78 to $48.53 (the stock split 2 for 1 on Jan. 30, 2008). Assuming an investment of $1,000 for each of the 15 buys, the $15,000 position would now be worth just $3,685. Corus is a Canadian mass media and broadcasting company formed in 1999 as a spinoff from Shaw Communications Inc., which has now sold its spun-off stake. In fiscal 2023, which began on Sept. 1, the company's earnings are expected to decline to 65 cents a share from 82 cents a share in fiscal 2022. Based on the fiscal 2023 estimate, the company's shares are trading at a forward price-to-earnings (P/E) ratio of 4.4 times. Next year, Corus is expected to earn 66 cents a share, which works out to a marginally better forward P/E of 4.3 times. The company pays an annual dividend of 24 cents a share. This is well below its expected earnings, but the dividend yield of 8.4 per cent looks excessive to the Reporter. Corus's planned investments could eat up cash flow and threaten the dividend. The Reporter says hold Corus Entertainment.