Corus Entertainment to file for renewal of normal course issuer bid

Corus Entertainment to file for renewal of normal course issuer bid

TORONTO, Jan. 9 /PRNewswire-FirstCall/ -- Corus Entertainment Inc. (TSX: CJR.B; NYSE: CJR) announced today its plan to file a notice of intention to renew its Normal Course Issuer Bid (NCIB) for its Class B Non-Voting Participating Shares through the facilities of the TSX. The NCIB is conditional on TSX approval. The bid will be restricted to a maximum of three million (3,000,000) Class B Non-Voting Participating Shares on a pre-split basis.

As at December 31, 2007, there were 39,927,009 Class B Non-Voting Participating Shares outstanding, with a public float of 38,572,547 Class B Non-Voting Participating Shares.

Under Corus' current Normal Course Issuer Bid, which expires on February 14, 2008, the company purchased 1,500,000 Class B Non-Voting Participating Shares at a weighted average price of $48.47.

Corus Entertainment Inc. reports in Canadian dollars.

About Corus Entertainment Inc.

Corus Entertainment Inc. is a Canadian-based media and entertainment company. Corus is a market leader in specialty television and radio with additional assets in pay television, advertising and digital audio services, television broadcasting, children's book publishing and children's animation. The company's multimedia entertainment brands include YTV, Treehouse, W Network, Movie Central, Nelvana, Kids Can Press and radio stations including CKNW, CKOI and Q107. Corus creates engaging branded entertainment experiences for its audiences across multiple platforms. A publicly traded company, Corus is listed on the Toronto (CJR.B) and New York (CJR) exchanges. Experience Corus on the web at www.corusent.com.

Source: Corus Entertainment Inc.

CONTACT: John Cassaday, President and Chief Executive Officer, Corus
Entertainment Inc., (416) 642-3770; Tom Peddie, Senior Vice President and
Chief Financial Officer, Corus Entertainment Inc., (416) 642-3780; Tracy
Ewing, Vice President, Communications, Corus Entertainment Inc., (416)
642-3792

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