Purchase of additional shares of Corus Entertainment Inc. by the Shaw family

Purchase of additional shares of Corus Entertainment Inc. by the Shaw family

CALGARY, Nov. 12 /PRNewswire-FirstCall/ -- Corus Entertainment Inc. (the "Company") has been advised that some of the Shaw Family, and entities owned or controlled by them, completed the purchase of an additional 820,000 Class B Non-Voting Shares of the Company. According to information provided to the Company, the Shaw Family, and entities owned or controlled by them, holds 7,283,014 shares of the Company. The Shaw Family also advised the Company it would continue its practice of purchasing shares on a regular basis.

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: Tom Peddie, Senior Vice President and Chief Financial Officer,
Corus Entertainment Inc., (416) 642-3780

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