John Hayes to step down as President of Corus Radio
John Hayes to step down as President of Corus Radio
TORONTO, July 16 /PRNewswire-FirstCall/ -- Corus Entertainment Inc. (TSX: CJR.B; NYSE: CJR) announced today that John Hayes will step down as President of Corus Radio at the end of the Company's fiscal year (August 31, 2008). John Hayes joined Corus in 2001, and during his tenure built and led a dedicated and successful team that created and maintained one of Canada's top performing radio operations.
"With a focus on training and development, building deep customer relationships, and working to imbed each radio station into the local fabric of a community, John spearheaded the growth of our radio division and established Corus Radio as an industry leader in terms of reach, revenues and ratings," said John Cassaday, President and CEO, Corus Entertainment Inc. "We thank John for his tremendous contribution to Corus Entertainment. His passion for the radio business and dedication to his team will be missed."
Added John Hayes, "Our Company's long-term strategic plan was presented to our Board of Directors on July 8 and 9. As I worked with the team on formulating the long-term strategy for the radio division, I naturally began to think of my own future. As we discussed my commitment to remain at Corus long enough to see these plans through, it became clear to me that at this stage of my life I was not able to make that commitment. My tenure as President of Corus Radio is the longest time I have spent in any role in my career. I have cherished my seven years with the Company, but I am an entrepreneur at heart and the time is right for me to move on."
John Hayes will remain with the Company until the end of the fiscal year to ensure that a smooth transition plan is implemented.
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, WÂ 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.
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Source: Corus Entertainment Inc.
CONTACT: Tracy Ewing, Vice President, Communications, Corus
Entertainment Inc., (416) 642-3792
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