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 help of Jefferies Financial Group. The company has significant debt issues, leading to concerns about its ability to continue operating. Corus has already made changes to its credit line and is in discussions with bondholders and financial advisers. The company's stock value has plummeted, and there are fears that current shareholders may not recover their investments. Quebecor Inc. reportedly made an offer to buy Corus earlier in the year. [Extracted from the article]