The Globe and Mail reports in its Tuesday, Oct. 29, edition that Canaccord Genuity analyst Aravinda Galappatthige continues to rate Corus Entertainment "sell." The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Galappatthige's share target fell to zero cents from 10 cents. Analysts on average target the shares at 11 cents. The Globe reported on Jan. 16 that Mr. Galappatthige rated Corus "sell" when the Class B shares were going for a lofty 92 cents. Mr. Galappatthige says Corus shares will be essentially worthless over the coming 12 months. Mr. Galappatthige says in a note: "Fourth quarter results came in lower than expected, mainly due to weaker ad revenues and also a steeper-than-expected decline in content. Adjusted earnings before interest, taxes, depreciation and amortization was $42.3-million, down 8.6 per cent year over year vs Canaccord estimates of $41.3-million. Total revenues were down 20.5 per cent year over year. ... Following the light quarter as well as the weaker-than-expected TV ad guide for Q1, we have further lowered our estimates. ... We continue to believe that a debt restructuring is very likely the ultimate outcome, especially with the senior notes currently trading just below 50 cents on the dollar."