The Globe and Mail reports in its Saturday, July 12, edition that Corus Entertainment plans to shut down five children's channels later this summer as the broadcaster continues to deal with challenges in advertising revenue. A Canadian Press dispatch to The Globe reports that Corus Entertainment has announced that it will cease distributing the channels ABC Spark, Nickelodeon, Disney French (La Chaîne Disney), Disney XD and Disney Jr. as of Sept. 1. The shows that will no longer be aired include popular titles such as SpongeBob SquarePants, The Backyardigans, and Bluey. This decision is part of the company's plan to wind down five kids' channels later this summer in response to ongoing challenges with advertising revenue. Corus says it will still operate the Disney Channel across its TV and streaming platforms. Last month, the company said it slashed 7 per cent of employee costs in its most recent quarter and was continuing to look for savings amid an advertising revenue slump. Chief executive officer John Gossling told analysts that Corus anticipates TV advertising revenue to decline about 20 per cent year-over-year in the current quarter as "geopolitical and economic uncertainty" linger.