CORUS TO OPPOSE ASTRAL'S APPLICATION CHALLENGING THE DIVESTITURE OF CORUS' QUEBEC RADIO STATIONS
CORUS TO OPPOSE ASTRAL'S APPLICATION CHALLENGING THE DIVESTITURE OF CORUS' QUEBEC RADIO STATIONS
TORONTO, Jan. 13 /PRNewswire/ - Corus Entertainment Inc. (TSX: CJR.B) will
oppose the applications filed yesterday by Astral Media Radio Inc.
("Astral") with the Federal Court of Appeal challenging the Canadian
Radio-Television and Telecommunications Commission's ("CRTC") approval
of the sale of Corus' Quebec radio stations to COGECO Inc. The CRTC
decision approving the sale was issued on December 17, 2010.
Corus, like COGECO, considers that the applications filed by Astral are
without merit. Corus confirms that it will continue with the process to
effect the closing of the transaction on February 1, 2011.
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, television broadcasting,
children's book publishing and children's animation. The company's
multimedia entertainment brands include YTV, Treehouse, Nickelodeon
(Canada), W Network, CosmoTV, VIVA, Sundance Channel (Canada), Movie
Central, HBO Canada, Nelvana, Kids Can Press and radio stations
including CKNW, CFOX, CKOI, 98.5 FM, Q107 and 102.1 the Edge. Corus
creates engaging branded entertainment experiences for its audiences
across multiple platforms. A publicly traded company, Corus is listed
on the Toronto Stock Exchange (CJR.B). Experience Corus on the web at www.corusent.com.
SOURCE Corus Entertainment Inc.
Corus Entertainment Inc.
CONTACT: <table valign="top" border="0"><tr><td><b>Kathleen McNair </b><br/> <b>EVP Communications</b><br/> <b>Corus Entertainment Inc.</b><b> </b><b> </b><b> </b><b> </b><b> </b><b> </b><b> </b><b> </b><b> </b><b> </b><br/> <b>416.479.6072</b></td> <td><b>Gary Maavara</b><br/> <b>EVP & General Counsel</b><br/> <b>Corus Entertainment Inc.</b><br/> <b>416.479.6061</b></td></tr></table>
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