Category: 3. Business

  • UPCOMING BOARD OF COUNTY COMMISSIONERS MEETING

    UPCOMING BOARD OF COUNTY COMMISSIONERS MEETING

    Upcoming Washoe County Board of Commissioners Meeting will be January 13, 2026 at 10:00 a.m. See location details and meeting agenda here.

    For more information about the Washoe County Board of Commissioners please visit this page.

    Public Comment

    Washoe County residents can now comment on agenda items electronically through eComment (https://washoe-nv.granicusideas.com/#) and/or offer public comment in-person on an agenda item, or at the beginning and end of the Commission meeting. Both eComments and in-person public comment will process as public record.

    Although not required by the Open Meeting Law, in order to accommodate persons residing in populated areas substantially outside the vicinity of commission chambers, additional public comment may be given by remote technology system on agenda items concerning Districts 1, 5, or “All Commission Districts” (as specified in the subject line of the respective agenda item as “Virtual Public Comment Eligible”) from the following locations: Incline Village Library: 845 Alder Ave, Incline Village, NV 89451 and/or Gerlach Community Center: 510 Cottonwood St, Gerlach, NV 89412.

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  • Kettering University Robotics Center Awarded $20,000 GM Community Impact Grant

    Kettering University Robotics Center Awarded $20,000 GM Community Impact Grant

    Kettering University has been awarded a $20,000 Community Impact Grant from General Motors to support robotics center programming that expands hands-on STEAM education opportunities for students in Flint and Genesee County.

    The funding will support hands-on training for students and mentors involved in the university’s eight robotics teams, as well as participants in the 2026 Intro to Computer-Aided Fabrication course. Programming will include experiential learning with robotics and aerial drone technologies, providing students with direct opportunities to design, operate, and test advanced systems used in modern industries.

    The grant also supports drone-focused activities that reflect growing real-world applications, including industrial inspection, logistics, and remote data collection, fields where automation and risk reduction are increasingly critical.

    “Kettering’s robotics and drone programs are built around applied learning. Our students don’t just study technology, they use it,” said Kim Shumaker, Director of Kettering’s Robotics Outreach & Robotics Center. “Grants like these help ensure more students can access meaningful, hands-on STEAM experiences that connect directly to future careers.”

    The award is part of a broader $300,000 Community Impact Grant investment distributed to nine Genesee County nonprofit organizations. Through the program, General Motors is supporting youth education and community-focused groups, including the Boys and Girls Club of Greater Flint, Factory Two, and the Flint Children’s Museum, to advance STEAM education and road safety initiatives across the region.

    “Local nonprofits can do their best work when they have support from local businesses, and we’re thrilled to contribute to their amazing and tireless efforts,” said Theo Lavergne, General Motors Flint Assembly plant executive director, in a statement issued by the company. 

    GM’s Community Impact Grants are selected in collaboration with local General Motors and United Auto Workers leaders and are designed to strengthen educational access, workforce development, and community well-being across the Flint area.

    Beyond the grant funding, General Motors reports that its Flint-area employees contributed nearly $225,000 in personal donations and more than 10,500 volunteer hours to local causes in 2025 through GM Cares.

    “I love this program because it helps bring our communities together,” Lavergne said, “It supports growth and learning, and allows our team members to see the direct impact that their hands, minds, and hearts have in the areas where we live and work.” 

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  • Pupil dilation offers a time-window on prediction error

    Pupil dilation offers a time-window on prediction error

    The human brain is constantly predicting its environment by forming expectations based on the meaningful environmental statistics we encounter in life (e.g. bananas are yellow, sometimes green, but never blue or red; Aslin, 2017; Turk-Browne et al., 2005; Siegelman et al., 2019). Furthermore, perception is largely driven by these expectations (de Lange et al., 2018; Gau and Noppeney, 2016). In the predictive processing framework, the brain constructs and updates internal models of the world that aim to accurately predict incoming sensory data by minimizing prediction errors (Sprevak and Smith, 2023). Prediction errors are abstractly defined as the difference between an expected and obtained outcome and are crucial concepts in models of learning (den Ouden et al., 2012; Montague et al., 2004; Schultz, 2006). Pupil dilation may be a reliable biomarker of neural prediction error signals. Such a biomarker would be advantageous for investigating the neural computations involved in learning and decision-making due to the relative ease of measuring pupil size with a standard eye-tracking device. To achieve this aim, we must investigate the computational signatures reflected in pupil dilation to determine whether they genuinely represent prediction error signals during learning.

    While reaction times (RT) scale with uncertainty, confidence, and reward expectation during perceptual decision-making (Colizoli et al., 2018; de Gee et al., 2021; Ratcliff et al., 2016; Urai et al., 2017), there is no overt behavioral marker that reflects the brain’s processing of a prediction error following feedback on a decision outcome when the brain supposedly updates its internal model(s) of the world (Sprevak and Smith, 2023). Pupil dilation under constant luminance is a peripheral marker of the brain’s central arousal system (de Gee et al., 2017; Lloyd et al., 2023; McGinley et al., 2015; Murphy et al., 2014a; Reimer et al., 2016). Evidence suggests that the brain leverages its arousal system to relay computational variables to circuits that execute inference and action selection (Montague et al., 2004; de Gee et al., 2017; Aston-Jones and Cohen, 2005; Glimcher, 2011; Lak et al., 2017; Sara, 2009; Schultz, 2002; Yu and Dayan, 2005). A growing body of literature suggests that pupil dilation may be a reliable physiological marker reflecting a prediction error signal in the post-feedback pupil response (Colizoli et al., 2018; de Gee et al., 2021; Browning et al., 2015; Kayhan et al., 2019; Koenig et al., 2018; Nassar et al., 2012; O’Reilly et al., 2013; Preuschoff et al., 2011; Satterthwaite et al., 2007; Van Slooten et al., 2018; Rutar et al., 2023). Whether a prediction error signal is detectable in pupil dilation will depend on the specific definition of ‘prediction error’, how it is operationalized, as well as the temporal nature of the signal itself. For instance, an unsigned prediction error is defined as the difference between expected and unexpected events but is agnostic to whether the events are better or worse than expected. In contrast, a signed prediction error indicates whether an outcome was better or worse than expected. Relatedly, reward prediction errors are a type of signed prediction error indicating whether an obtained reward was better or worse than expected (den Ouden et al., 2012).

    In recent years, pupil dilation has received increased attention in psychology and human neuroscience research for its ability to reflect cognitive and computational variables involved in memory, attention, perception, and decision-making. For instance, pupil dilation has been shown to reflect stimulus expectancy and surprise (de Gee et al., 2021; O’Reilly et al., 2013; Preuschoff et al., 2011; Alamia et al., 2019; Bianco et al., 2020; Friedman et al., 1973; Kamp and Donchin, 2015; Kloosterman et al., 2015; Knapen et al., 2016; Kuchinke et al., 2007; Lavín et al., 2013; Liao et al., 2016; Qiyuan et al., 1985; Raisig et al., 2010; Silvestrin et al., 2021; Wetzel et al., 2016; Zhao et al., 2019; Ghilardi et al., 2024), decision uncertainty (Colizoli et al., 2018; Urai et al., 2017; Nassar et al., 2012; O’Reilly et al., 2013; Van Slooten et al., 2018; Friedman et al., 1973; de Berker et al., 2016; Findling et al., 2019; Geng et al., 2015; Fan et al., 2023; Krishnamurthy et al., 2017; Lempert et al., 2015; Murphy et al., 2014b; Richer and Beatty, 1987; Vincent et al., 2019), and the updating of belief states in internal models including (reward) prediction errors (Colizoli et al., 2018; de Gee et al., 2021; Browning et al., 2015; Kayhan et al., 2019; Koenig et al., 2018; Nassar et al., 2012; O’Reilly et al., 2013; Preuschoff et al., 2011; Satterthwaite et al., 2007; Van Slooten et al., 2018; Lavín et al., 2013; Filipowicz et al., 2020; Harris et al., 2022; Pajkossy et al., 2023; Cheadle et al., 2014; He et al., 2024). Zénon, 2019 proposed that the plethora of cognitive phenomena reflected in pupil dilation can be unified under an information-theoretic framework. Under Zénon’s hypothesis, the common factor driving all cognitive processes reflected in pupil dilation can be quantified in terms of information gain, defined as the divergence between posterior and prior beliefs. A unified framework that relates pupil dilation to cognition through information theory would be beneficial for several reasons. First, a unified framework would enable us to more accurately quantify cognitive processes by allowing us to connect physiological responses like arousal with cognitive functions. Second, such an approach could reveal how effectively an individual integrates new information and adjusts their predictions. Finally, a unified framework would allow researchers to apply consistent metrics across different contexts and tasks, facilitating comparisons between studies and enhancing our overall understanding of cognitive processes linked to pupil dilation.

    We reasoned that the link between prediction error signals and information gain in pupil dilation is through precision weighting. Precision refers to the amount of uncertainty (inverse variance) of both the prior belief and sensory input in the prediction error signals (Sprevak and Smith, 2023; Clark, 2017; Kwisthout et al., 2017; Iglesias et al., 2013; Yon and Frith, 2021). More precise prediction errors receive more weighting and therefore have greater influence on model updating processes. The precision weighting of prediction error signals may provide a mechanism for distinguishing between known and unknown sources of uncertainty, related to the inherent stochastic nature of a signal versus insufficient information on the part of the observer, respectively (Kwisthout et al., 2017; Yon and Frith, 2021; Press et al., 2020). In Bayesian frameworks, information gain is fundamentally linked to prediction error, modulated by precision (Kwisthout et al., 2017; Iglesias et al., 2013; Mathys et al., 2011; Yanagisawa et al., 2019; Kwisthout, 2017; Dijkstra et al., 2025; Smith et al., 2022; van Lieshout et al., 2025; Buckley et al., 2017). In non-hierarchical Bayesian models, information gain can be derived as a function of prediction errors and the precision of the prior and likelihood distributions, a relationship that can be approximately linear (Yanagisawa et al., 2019). In hierarchical Bayesian inference, the update in beliefs (posterior mean changes) at each level is proportional to the precision-weighted prediction error; this update encodes the information gained from new observations (Kwisthout et al., 2017; Iglesias et al., 2013; Mathys et al., 2011; Kwisthout, 2017; Dijkstra et al., 2025). Neuromodulatory arousal systems are well-situated to act as precision weighting mechanisms in line with predictive processing frameworks (Friston, 2008; Moran et al., 2013). Empirical evidence suggests that neuromodulatory systems broadcast precision-weighted prediction errors to cortical regions (de Gee et al., 2021; Harris et al., 2022; Iglesias et al., 2013; Haarsma et al., 2021). Therefore, the hypothesis that feedback-locked pupil dilation reflects a prediction error signal is similarly in line with Zenon’s main claim that pupil dilation generally reflects information gain, through precision weighting of the prediction error. We expected a prediction error signal in pupil dilation to be proportional to the information gain.

    Information gain can be operationalized within information theory as the Kullback-Leibler (KL) divergence between the posterior and prior belief distributions of a Bayesian observer, representing a formalized quantity that is used to update internal models (O’Reilly et al., 2013; Modirshanechi et al., 2023; Poli et al., 2024). Itti and Baldi, 2005 termed the KL divergence between posterior and prior belief distributions as ‘Bayesian surprise’ and showed a link to the allocation of attention. The KL divergence between posterior and prior belief distributions has been previously considered to be a proxy of (precision-weighted) prediction errors (Press et al., 2020; Dijkstra et al., 2025). According to Zénon’s hypothesis, if pupil dilation reflects information gain during the observation of an outcome event, such as feedback on decision accuracy, then pupil size will be expected to increase in proportion to how much novel sensory evidence is used to update current beliefs (O’Reilly et al., 2013; Zénon, 2019). To our knowledge, there is a paucity of research on whether the pupil response is correlated with information gain, specifically focused on the interval following decision outcome/feedback presentation (O’Reilly et al., 2013; Fleischmann et al., 2025). Using a saccadic planning task, O’Reilly et al., 2013 found that pupil dilation scaled negatively with information gain following target onset. While a significant correlation between post-target pupil dilation and information gain was obtained, the direction of this result seems at odds with the hypothesis that an increase in information gain would lead to greater pupil dilation, an issue we will return to in the Discussion. In contrast, Fleischmann et al., 2025 reported a positive relationship between pupil dilation and information gain, which remained consistent across two auditory tasks requiring participants to predict either the temporal or spatial distributions of auditory sequences. Two other recent studies investigated a relationship between pupil dilation and information gain; however, the pupil dilation interval investigated occurred prior to information about decision outcome (Zénon et al., 2024; Shirama et al., 2024). Zénon et al., 2024 similarly found that larger pupil responses were associated with more information gain with respect to the first operand during an arithmetic sum of two numbers. Finally, Shirama et al., 2024 reported that the covariance between pupil and information gain depended on performance accuracy while participants predicted numbers in a changing environment. Specifically, in the low-performance group, pupil dilation positively tracked information gain. However, in the high-performance group, the direction was reversed. Taken together, there is evidence for both a positive and negative scaling between pupil dilation and information gain, depending on the task context and decision interval investigated.

    The temporal dynamics of the relationship between the pupil response and information gain or prediction errors have not been consistently investigated. The temporal dynamics of prediction error signals in pupil dilation are likely informative because the brain’s process of updating internal models may contain an inherent temporal dimension (Nienborg and Roelfsema, 2015). Different temporal components of the pupil signal may correspond to different stages of predictive processing, for instance, as proposed by the hybrid predictive coding model (Tscshantz et al., 2023). These temporal dynamics can shed light on the mechanisms of predictive processing by clarifying the timing of learning updates in relation to feedback presentation (Sales et al., 2019). The temporal dynamics of prediction error signals may also help differentiate between types of learning, indicate how attention and cognitive load are allocated during tasks, and implicate specific brain regions or neural processes involved in learning (Colantonio et al., 2023; Stemerding et al., 2022). Previous studies have shown different temporal response dynamics of prediction error signals in pupil dilation following feedback on decision outcome: While some studies suggest that the prediction error signals arise around the peak (~1 s) of the canonical impulse response function of the pupil (de Gee et al., 2021; Preuschoff et al., 2011; Lavín et al., 2013; Cheadle et al., 2014; He et al., 2024; Burlingham et al., 2022), other studies have shown evidence that prediction error signals (also) arise considerably later with respect to feedback on choice outcome (Colizoli et al., 2018; Browning et al., 2015; Van Slooten et al., 2018; Lavín et al., 2013; He et al., 2024). A relatively slower prediction error signal following feedback presentation may suggest deeper cognitive processing, increased cognitive load from sustained attention or ongoing uncertainty, or that the brain is integrating multiple sources of information before updating its internal model. Taken together, the literature on prediction error signals in pupil dilation following feedback on decision outcome does not converge to produce a consistent temporal signature. The specific time window analyzed across different tasks can affect whether a prediction error signal is detected at all. The emergence of consistent results is important for validating the pupil as a biomarker of prediction error, by facilitating comparative research, informing predictive models, uncovering neural mechanisms, as well as improving practical applications. Many factors could potentially explain these discrepant results, such as different task contexts (e.g. stimulus modality, reward-based learning, probabilistic learning vs. perceptual discrimination), different approaches to the pupil analyses such as using simple contrasts or model-based regression, and different interpretations of what constitutes a ‘prediction error’. Given these discrepancies, it is crucial to investigate the specific conditions under which pupil dilation reflects a (precision-weighted) prediction error.

    Aims of the current study

    The current study was motivated by Zénon’s hypothesis (Zénon, 2019) concerning the relationship between pupil dilation and information gain, particularly in light of the varying sources of signal and noise introduced by task context and pupil dynamics. By demonstrating how task context can influence which signals are reflected in pupil dilation, and highlighting the importance of considering their temporal dynamics, we aim to promote a more nuanced and model-driven approach to cognitive research using pupillometry. The literature summarized above prompted us to investigate whether the pupil’s response to decision outcomes during learning aligns with a prediction error signal defined within an information-theoretic framework. While Zénon theoretically proposed a direct link between pupil dilation and information gain, this hypothesis has not been thoroughly tested in empirical studies. We sought to fill this gap in the literature and shed light on the relationship between information gain and uncertainty during learning as reflected in pupil dilation.

    In the current study, we investigated whether the pupil’s response to decision outcome (i.e. feedback) in the context of associative learning reflects a prediction error as defined operationally as an interaction between stimulus-pair frequency and accuracy, while also exploring the time course of this prediction error signal. Thereafter, we tested whether these prediction error signals correlated with information gain, defined formally as the KL divergence between posterior and prior belief distributions of the ideal observer. We reasoned that information gain should be proportional to the (precision-weighted) prediction error signals potentially arising from neuromodulatory arousal networks. To do so, we adapted a simple model of trial-by-trial learning of stimulus probabilities based on information theory from previous literature (O’Reilly et al., 2013; Mars et al., 2008; Poli et al., 2020). For completeness, Shannon surprise and entropy were also computed and related to the post-feedback pupil response. We analyzed two independent datasets featuring distinct associative learning paradigms, one characterized by increasing entropy and the other by decreasing entropy as the tasks progressed. By examining these different tasks, we aimed to identify commonalities (if any) in the results across varying contexts. Additionally, the contrasting directions of entropy in the two tasks enabled us to disentangle the correlation between stimulus-pair frequency and information gain in the post-feedback pupil response.

    In the first data set, participants were instructed to predict the upcoming orientation (left vs. right) of a visual target based on the probability of visual and auditory cues. In the second data set, participants were first exposed to letter-color pairs of stimuli in different frequency conditions during an odd-ball detection task. The letter-color pair contingencies were irrelevant to the odd-ball task performance. The participants subsequently completed a decision-making task in which they had to decide which letter was presented together most often with which color during the previous odd-ball detection task (match vs. no match). Pupil dilation was recorded during the decision-making tasks in both data sets, and the post-feedback pupil response was the event of interest. We did not formally compare the results across the two data sets given substantial differences between these two task contexts. We expected the post-feedback pupil dilation to scale with information gain in both tasks in a relatively early time window, following the results of O’Reilly et al. We explored whether later prediction error components in the post-feedback pupil dilation might reflect other information-theoretic variables, such as Shannon surprise or entropy.

    To preview, the results show for the first time that whether the pupil dilates or constricts along with information gain was context dependent. Our findings are overall in line with Zénon’s hypothesis that pupil dilation reflects information-theoretic processing and furthermore suggest that these signatures in pupil dilation are complex and multifaceted. This study provides empirical evidence that the pupil’s response can shed light on model updating during learning, demonstrating the potential of this easily measured physiological indicator for exploring internal belief states.

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  • Why Are Cyberattacks on the Rise? What Can Be Done? – Bloomberg.com

    1. Why Are Cyberattacks on the Rise? What Can Be Done?  Bloomberg.com
    2. Artificial Intelligence goes rogue  The Express Tribune
    3. In 2026, Hackers Want AI: Threat Intel on Vibe Hacking & HackGPT  BleepingComputer
    4. AI misuse in elections sparks cybercrime concerns  newskarnataka.com
    5. AI-Powered Cybercrime: The New Face of Deception  varindia.com

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  • Weight loss jabs affecting Greggs, boss says

    Weight loss jabs affecting Greggs, boss says

    Currie said there was a “broader health trend” emerging with people demanding more protein.

    The bakery chain said in July it would target customers on weight loss drugs by rolling out smaller portions and protein-rich products, after which it launched its egg-pot alongside its popular “eggs at Greggs” ad campaign.

    Currie said the firm had “to make sure that we’ve got some of the snack products that customers are looking for if they are on any of the GLP-1 drugs”.

    Several firms have said customers appetites are changing as a result of weight loss drugs.

    Tesco said on Thursday a trend towards healthier eating had contributed to growth in its fresh produce sales.

    Chief executive Ken Murphy said the group was watching customer habits “very closely” alongside the rise in weight loss medication and said the supermarket had a range of “GLP-1 friendly” products.

    “Clearly our strongest source of growth this year has been in fresh food, and that is, by far and away, the best thing people can eat,” he said.

    “We also have a … range of high protein products across a number of different categories that also work very well in that context. So I think we’re well set to respond to any trends in healthier eating.”

    Consumer analyst Clive Black, from Shore Capital, said the slight dip in the volume of groceries sold over Christmas compared with the year before was “perhaps the clearest indication of the impact of glucagon-peptide (GLP) drugs upon the nation’s eating habits?”

    The effects of “shrinkflation” are also to blame for smaller portions, as firms reduce the size of a product but keep the price the same in order to manage the rising cost of ingredients.

    Recently, a ban came in to force across the UK banning adverts for junk foods before 9pm, which the government said was to help stem rising rates of obesity.

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  • Base Repair Ops West U.S. 30 (Coatesville Downingtown Bypass) Chester County | Department of Transportation

    Base Repair Ops West U.S. 30 (Coatesville Downingtown Bypass) Chester County | Department of Transportation

    King of Prussia, PA – The Pennsylvania Department of Transportation (PennDOT) announced today that base repair operations will continue next week on westbound U.S. 30 (Coatesville Downingtown Bypass) under a $9.3 million project to improve travel and safety through this corridor in the City of Coatesville and Caln, Sadsbury, Valley, and West Caln townships, Chester County.

    Motorists are advised of the following travel restriction:

    Motorists are advised to allow extra time when traveling through the work area because backups and delays may occur. All scheduled activities are weather dependent.

    Under this project, PennDOT’s contractor will maintain and extend the useful life of the existing pavement of the western section of the Coatesville-Downingtown Bypass (U.S. 30) through milling, base repairs, applying bituminous overlay, reinstalling edge-line rumble strips, and reapplying pavement markings.

    Heidelberg Materials Northeast, LLC of the northeast region is the general contractor on the project, which is financed with 100 percent state funds.

    Motorists can check conditions on major roadways by visiting www.511PA.com. 511PA, which is free and available 24 hours a day, provides traffic delay warnings, weather forecasts, traffic speed information and access to more than 1,200 traffic cameras. 511PA is also available through a smartphone application for iPhone and Android devices, by calling 5-1-1, or by following regional X alerts. 

    Find PennDOT’s planned and active construction projects at www.pa.gov/DOTprojects. Subscribe to PennDOT news and find transportation results in Bucks, Chester, Delaware, Montgomery, and Philadelphia counties at www.penndot.pa.gov/District6.

    Find PennDOT news on X, Facebook, Instagram, and LinkedIn. 

    MEDIA CONTACT: Helen Reinbrecht, hreinbrech@pa.gov

    # # #


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  • Interstate 79 Single-lane Restrictions Continue in Allegheny County – Commonwealth of Pennsylvania (.gov)

    1. Interstate 79 Single-lane Restrictions Continue in Allegheny County  Commonwealth of Pennsylvania (.gov)
    2. TRAFFIC: Northbound I-79 lane restriction in Franklin Park  WPXI
    3. Single-lane restrictions will be in place Wednesday on I-79 in Robinson, Kennedy  West Hills Gazette
    4. Interstate 79 Single-lane Restrictions Wednesday in Allegheny County  Beaver County Radio

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  • Governor Abbott Reappoints Three To Small Business Assistance Advisory Task Force | Office of the Texas Governor

    Governor Abbott Reappoints Three To Small Business Assistance Advisory Task Force | Office of the Texas Governor

    January 8, 2026 | Austin, Texas
    |

    Appointment

    Governor Greg Abbott reappointed Eduardo Contreras, Lisa Fullerton, and Omar Veliz to the Small Business Assistance Advisory Task Force for terms set to expire June 14, 2027. The Task Force advises and assists the Governor, Lieutenant Governor, and Speaker of the House with issues relating to small businesses and provides information to the public.

    Eduardo Contreras of Austin is founder and CEO of ALCON DTS and has worked in the IT security, networking, telecommunications, and software industries for the past 20 years. He is a member of the National Federation of Independent Business (NFIB) Leadership Council, chairman of the board for the Texas European Chamber of Commerce, and member of the ASCII Group.

    Lisa Fullerton of San Antonio is president and CEO of A Novel Idea, LLC, which has owned and operated multiple Auntie Anne’s and Cinnabon franchises in San Antonio since 2000. She is a director for NFIB, board member of Alliance Defending Freedom, and a member of the Food Pantry of Jeff Davis County Donor Advisory Board and Biblical Leadership for Excellence Advisory Board. Fullerton received a Bachelor of Business Administration in Accounting from Texas State University.

    Omar Veliz of El Paso is the president of Veliz Construction and a professional engineer. He is an executive board member of the Associated General Contractors of America – Austin Chapter. Additionally, he is a former member of the advisory board of The University of Texas at El Paso (UTEP) Construction Management Program and former chairman of the El Paso Hispanic Chamber of Commerce Board. Veliz received a Bachelor of Science in Civil Engineering and Master of Science in Business Administration from UTEP.

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  • RESOLVED: Application access effected by directory syncing issues : TechWeb : Blog Archive : Boston University

    Incident Discovery Time: 08:44am on 01/08/2026
    Time of Resolution: 01:43pm on 01/08/2026
    Services Impacted: Identity & Access Management (IAM)

    Description of Impact

    Multiple systems had login issues.

    Incident Description and Resolution


    IS&T teams have resolved the incident.

    Additional Information

    The cause of this incident was determined to be a Change implemented earlier today.

    If you continue to have issues, please contact the IT Help Center.

    Previous Update

    Incident Discovery Time: 08:44am on 01/08/2026

    Services Impacted: Identity & Access Management (IAM)

    Description of Impact

    Multiple systems have login issues.

    Current Status

    The issue has been fixed, and syncing is in progress. Systems access will return as and when each group is restored.

    Next Update: 03:30pm

    Previous Update

    Incident Discovery Time: 08:44am on 01/08/2026

    Services Impacted: Identity & Access Management (IAM)

    Description of Impact

    Multiple systems have login issues.

    Current Status

    The issue has been fixed, and syncing is in progress. Systems access will return as and when each group is restored.

    Next Update: 02:30pm

    Previous Update

    Incident Discovery Time: 08:44am on 01/08/2026

    Services Impacted: Identity & Access Management (IAM)

    Description of Impact

    Multiple systems have login issues.

    Current Status

    The issue has been fixed, and syncing is in progress. Systems access will return as and when each group is restored.

    Next Update: 01:30pm

    Previous Update

    Incident Discovery Time: 08:44am on 01/08/2026

    Services Impacted: Identity & Access Management (IAM)

    Description of Impact

    Multiple applications have login issues.

    Current Status

    The issue has been fixed, and syncing is in progress. Systems access will return as and when each group is restored.

    Additional Information

    TerrierGPT is available now, as is Cisco Finesse. BU-managed Macs may get a pop-up asking for a Password sync. This can be ignored.

    Next Update: 12:30pm

    Previous Update

    Incident Discovery Time: 08:44am on 01/08/2026

    Services Impacted: Identity & Access Management (IAM)

    Description of Impact

    Multiple applications, e.g. Telephone Services (Cisco Finesse) and TerrierGPT

    Current Status

    The issue has been fixed, and syncing is in progress. Application access will return as and when each group is restored.

    Additional Information

    TerrierGPT should be available now.

    Next Update: 11:30am

    Previous Update

    Incident Discovery Time: 08:44 am on 01/08/2026

    Services Impacted: Multiple applications, e.g. Telephone Services (Cisco Finesse) and TerrierGPT

    Description of Impact

    Issues logging into applications

    Current Status


    IS&T teams have not yet identified the cause of the incident, but are investigating.

    Next Update: 10:30am

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  • CORUS ENTERTAINMENT MAILS AND FILES SPECIAL MEETING MATERIALS IN CONNECTION WITH PROPOSED RECAPITALIZATION TRANSACTION

    • Corus’ board of directors unanimously recommends that Senior Noteholders and Shareholders vote in favour of the proposed Recapitalization Transaction to strengthen Corus’ financial position, support a sustainable business strategy, and preserve value for Corus’ various stakeholders
    • Recapitalization Transaction expected to materially reduce existing debt, maintain secured lending facility, and increase liquidity access over several years
    • Securityholders will be asked to approve the Recapitalization Transaction in two separate, consecutive meetings to be held on Friday, January 30, 2026
    • If the Company fails to implement the Recapitalization Transaction, it will need to pursue alternative restructuring strategies, in which case it is unlikely that there will be any recovery of any kind for holders of shares of Corus
    • Senior Noteholders or Shareholders who have questions or need voting assistance should contact Corus’ Proxy Solicitation Agent, Laurel Hill Advisory Group, by email at assistance@laurelhill.com, or by texting “INFO” to, or calling, 1-877-452-7184 (North American toll-free)

    For Immediate Release

    TORONTO, ON, January 8, 2026 – In connection with its proposed, previously-announced recapitalization transaction (the “Recapitalization Transaction”), Corus Entertainment Inc. (“Corus” or the “Company”) (TSX: CJR.B) announced today that it has mailed to Securityholders (as defined below) and filed with securities regulators its notices of meeting, management information circular (the “Circular”) and related documents (collectively, the “Meeting Materials”) in connection with the special meetings (the “Meetings”) of the holders of the Company’s Class A Voting Shares and Class B Non-Voting Shares (together, the “Shareholders”) and of holders of the Company’s outstanding, unsecured, senior notes in the aggregate principal amount of $750 million (the “Senior Notes,” and such holders, the “Senior Noteholders”, and together with the Shareholders, the “Securityholders”). The Meeting Materials are available on SEDAR+ at www.sedarplus.ca and can also be accessed on the Company’s website at www.corusent.com/proposed-transaction/.

    Background

    Corus’ significant debt burden and the upcoming maturities in 2027 of the eighth amended and restated credit agreement, and in 2028 and 2030 of the Senior Notes, as well as ongoing industry and regulatory challenges, have created an urgent need to address the Company’s capital structure.

    Corus’ board of directors (the “Board”) has undertaken extensive efforts since early 2024 to address the Company’s balance sheet and financial challenges. This included conducting a comprehensive strategic review with the assistance of leading financial and legal advisors, of the viability of various financing, sale, or restructuring options available to the Company.

    After careful consideration of all available options, the Board has determined that the Recapitalization Transaction described in the Circular represents the best path forward for Corus at this time. The Recapitalization Transaction is being implemented pursuant to a plan of arrangement (the “Arrangement”) under Section 192 of the Canada Business Corporations Act (the “CBCA”).

    As of December 24, 2025, the Recapitalization Transaction has received the support of Senior Noteholders representing, in aggregate, more than 74% of the aggregate principal amount of Senior Notes and by Shareholders holding Shares which represent more than 86% of the outstanding voting rights attached to the Class A Voting Shares and more than 5% of the outstanding voting rights attached to the Class B Non-Voting Shares.

    Recapitalization Transaction – Strategic Rationale and Highlights

    The Recapitalization Transaction is anticipated to deliver significant financial benefits, if approved and implemented, including:

    • total reduction of third-party indebtedness and other liabilities of more than $500 million;
    • annual cash interest savings of up to $40 million;
    • continued access to the senior secured revolving credit facility (the commitment for which has been increased from $75 million to $125 million) to support ongoing operations and liquidity; and
    • extension of relief of certain financial covenants under the senior credit facility to February 28, 2026.

    The Recapitalization Transaction contemplates the following key elements:

    • a new corporation (“NewCo”) will be incorporated under the CBCA with authorized capital, including Variable Voting Shares and Common Voting Shares (collectively, the “NewCo Shares”);
    • the Company’s existing senior secured revolving credit facility will be amended and restated into a new, first lien $125 million secured revolving credit facility;
    • the Company’s existing secured term loan of approximately $301 million will be fully settled and exchanged at par value, and the Company will issue new first lien senior secured notes in the aggregate principal amount of $300 million with a 5-year maturity date;
    • $250 million of the Senior Notes will be settled in exchange for: (i) cash equal to the accrued and unpaid interest in respect of the Senior Notes; (ii) NewCo Shares; and (iii) $250 million principal amount of new second lien senior secured notes issued by Corus with a 6-year maturity date in an equal aggregate principal amount. These NewCo Shares are expected to represent, in aggregate, 99% of the issued and outstanding shares of NewCo, on a non-diluted basis;
    • all accrued but unpaid interest on the Senior Notes will be paid in cash on closing of the Recapitalization Transaction;
    • all of the Company’s outstanding Class A Voting Shares and Class B Non-Voting Shares (collectively, the “Existing Shares”) will be exchanged on a 1:1 basis for NewCo Shares that are expected to represent, in aggregate, 1% of all of the issued and outstanding shares of NewCo, on a non-diluted basis;
    • all of the outstanding NewCo Shares will be consolidated on the basis of one NewCo Share for every 500 existing NewCo Shares;
    • the Company will apply to the Toronto Stock Exchange (“TSX”) to have the NewCo Shares substituted for the Company’s Class B Non-Voting Shares with the result that, subject to the approval of the TSX and the satisfaction of customary listing conditions, the NewCo Shares will be voting shares and publicly traded on the TSX;
    • NewCo will own all of the shares of the Company;
    • holders of the new first lien senior secured notes will be granted warrants to purchase NewCo Shares that will represent 10% of the fully diluted equity of NewCo;
    • certain key leases will be renegotiated on acceptable terms; and
    • the Board will be refreshed at closing and shall be comprised of, initially, five directors.

    Likely No Recovery for Shareholders if Recapitalization Transaction Is Not Completed

    Without the Recapitalization Transaction, or in the event it is not completed on the terms and timeline currently contemplated, the Company will need to pursue alternative restructuring strategies, possibly under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”). If a CCAA process is pursued, it is unlikely that there will be any recovery of any kind or amount to the holders of Existing Shares. In this case, all of the Existing Shares may be cancelled for no consideration. As such, the Board believes the Recapitalization Transaction provides the best available outcome to preserve value for shareholders in the current circumstances.

    Board Recommendation

    After careful consideration and based on a number of factors, and after an extensive review of alternatives with its legal and financial advisors, the Board has determined that the Recapitalization Transaction is in the best interests of the Company and its stakeholders, and unanimously recommends that the Senior Noteholders and Shareholders vote FOR the Recapitalization Transaction.

    Vote Today

    Your vote is important, no matter how many Corus shares or notes you hold.

    The Board unanimously recommends that the Senior Noteholders and Shareholders vote FOR the Recapitalization Transaction.

    Securityholders are encouraged to vote well in advance of the proxy deadlines on January 28, 2026 at 10:00 a.m. (Toronto time) using one of the methods below:

    Internet www.proxyvote.com
    Telephone Dial the number listed on the proxy form or voting instruction form, as applicable.
    Mail Return the proxy form or voting instruction form, as applicable, in the enclosed postage paid envelope.

    Meeting Details

    Securityholders will be asked to approve the Arrangement over the course of two separate, consecutive meetings, both to be held on Friday, January 30, 2026:

    • Senior Noteholders will be asked to approve the Arrangement at the Senior Noteholders’ Meeting scheduled to be held at 10:00 a.m. (Toronto time) on Friday, January 30, 2026. This meeting will be held virtually via online webcast at www.virtualshareholdermeeting.com/cjr2026notes.
    • Shareholders will be asked to approve the Arrangement at the Shareholders’ Meeting to be held at 11:00 a.m. (Toronto time) on Friday, January 30, 2026. This meeting will be held virtually via online webcast at www.virtualshareholdermeeting.com/cjr2026sm.

    Additional Information

    If you have any questions about the information contained in this press release, please contact Corus’ Proxy Solicitation Agent:

    Laurel Hill Advisory Group:

    • Toll-Free: 1-877-452-7184 in North America (1-416-304-0211 outside North America)
    • Text: Text “INFO” to 1-877-452-7184 or 1-416-304-0211
    • Email: assistance@laurelhill.com

    Caution Regarding Forward-Looking Information

    This document contains forward-looking information and should be read subject to the following cautionary language. To the extent any statements made in this document, or any of the documents referenced herein, contain information that is not historical, these statements are forward-looking statements and may be forward-looking information within the meaning of applicable securities laws (collectively, “forward-looking information”). This forward-looking information relates to, among other things, Corus Entertainment Inc.’s or its subsidiaries’ (together, “Corus” or the “Company”) objectives, goals, strategies, targets, intentions, plans, estimates and outlooks, including, but not limited to, the closing and implementation of the proposed recapitalization transaction announced herein (the “Proposed Transaction”) and descriptions of future required approvals or condition satisfaction for the Proposed Transaction.  Forward-looking information can generally be identified by the use of words such as “estimate”, “forecast”, “project”, “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may” or the negatives of these terms and other similar expressions. In addition, any statements that refer to expectations, anticipated outcomes or impacts, projections or other characterizations of future events or circumstances may be considered forward-looking information.

    Although Corus believes that the expectations reflected in such forward-looking information are reasonable, such information involves many material assumptions, risks and uncertainties and undue reliance should not be placed on such statements. Certain material factors or assumptions, which are subject to uncertainty, risk or change and may cause actual results to differ materially from expectations, calculations, plans, or forecasts, are applied with respect to the forward-looking information, including in respect of the Proposed Transaction. Such factors include, without limitation, factors and assumptions relating to or impacting: the completion and implementation of the Proposed Transaction in the time and manner contemplated; the anticipated or expected effect or impacts of the Proposed Transaction on the Company and/or its stakeholders; the anticipated reduction of the Company’s debt and related costs and interest expenses (including the amounts thereof); approval of the Proposed Transaction by: (i) applicable regulatory authorities and stock exchanges, (ii) holders of equity and debt, and (iii) relevant courts; exchange of existing equity and debt for new equity and debt; obligations and abilities of third parties to close or complete actions as part of the Proposed Transaction; dilution or changes to the Company’s outstanding shares in number or value or markets for them; the ability of the Company to execute its strategies and plans, including any under or contemplated by the Proposed Transaction; the Company’s financial and operating results being consistent with expectations; macroeconomic, business, geopolitical and market conditions; statements, decisions or positions by applicable courts or regulators such as, without limitation, the Canadian Radio-television and Telecommunications Commission, or any appeals of or changes to such statements, decisions or positions; new, threatened or pending litigation or regulatory actions and their outcomes; strategic opportunities, relationships or partnerships (or lack thereof) that may be presented to, pursued or implemented by the Company; and continuity of relationships and arrangements with, or revenue or costs attributed to, suppliers, distributors, partners, clients and customers on desirable and expected terms. Actual results may differ materially from those expressed or implied in such information and the foregoing list is not exhaustive. Certain other material factors or assumptions may also be applied with respect to general forward-looking information.

    These, and additional information regarding the foregoing list, are identified or discussed in Corus’ Management’s Discussion and Analysis (“MD&A”) for the year ended August 31, 2025, as may be updated, supplemented or amended from time to time, including by quarterly MD&A, financial reports or additional press releases, all and any of which will be made available on SEDAR+ at www.sedarplus.ca. Corus cautions that the foregoing list of important assumptions and factors that may affect future results is not exhaustive.

    When relying on the Company’s forward-looking information to make decisions with respect to Corus or the Proposed Transaction, investors and others should carefully consider all the foregoing information, including as incorporated by reference, and any other uncertainties and potential events. Unless otherwise specified, all forward-looking information in this document speaks as of the date of this document and may be updated or amended from time to time.  Except as otherwise required by applicable securities laws, Corus disclaims any intention or obligation to publicly update or revise any forward-looking information whether as a result of new information, events or circumstances that may be made or arise from time to time.

    – 30 –

    About Corus Entertainment Inc. 

    Corus Entertainment Inc. (TSX: CJR.B) is a leading media and content company that develops, delivers and distributes high quality brands and content across platforms for audiences around the world. Engaging audiences since 1999, the company’s portfolio of multimedia offerings encompass 25 specialty television services, 36 radio stations, 15 conventional television stations, digital and streaming platforms, and social digital agency and media services. Corus’ roster of premium brands includes Global Television, W Network, Flavour Network, Home Network, The HISTORY® Channel, Showcase, Slice, Adult Swim, National Geographic and Global News, along with streaming platforms STACKTV, TELETOON+, the Global TV App and Curiouscast. For more information visit www. corusent.com.

    For media inquiries, please contact:

    Melissa Eckersley
    Head of Corporate Communications and Relations
    Corus Entertainment Inc.
    melissa.eckersley@corusent.com

    For questions about the information contained in this press release, please contact:

    Laurel Hill Advisory Group
    North American Toll Free: 1-877-452-7184
    Collect Calls Outside North America: 416-304-0211
    Text Messages: Text “INFO” to 416-304-0211 or 1-877-452-7184
    Email: assistance@laurelhill.com

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