Corus Entertainment Taps Jefferies to Explore Potential Sale.

Corus Entertainment Inc., a Canadian television company, is considering a potential sale of its business with the assistance of Jefferies Financial Group. The company's debt issues have raised concerns about its ability to continue operating, leading to negotiations with lenders to amend its credit facility. Corus, controlled by the Shaw family of Alberta, has seen a significant decline in its stock value, prompting discussions with bondholders and financial advisers. [Extracted from the article]