I think he's referring to the cost and advertising restructuring the management referred to. The hope is that these will reduce costs, increase income, and improve cash flow, which will contribute to debt reduction, and sustaining of the dividend. Of course, improved cash flow and reduced debt will also make future ventures to increase growth in other areas like digital platforms more possible.
Warren Buffett says a great company at an okay price is better than an ok company at a great price. Both will make you money, but the former moreso than the latter (and neither of these should lose you money). Unfortunately, at this state, Corus is an ok company at a great price (HCG in my opinion was always a great company at a great price when it dropped last year). However, I'd rather go with an ok company at a great price when all the market is currently offering are low/high quality companies at crazy high prices.
Disclaimer: I am overweight HCG
edit: accidentally wrote same sentence twice